Nanjing Leads Biolabs Updates Details of Exclusive Global License Agreement with Additional Payment Information

Reuters
Oct 17
Nanjing Leads Biolabs Updates Details of Exclusive Global License Agreement with Additional Payment Information

Nanjing Leads Biolabs Co., Ltd. issued a clarification announcement regarding its recent entry into an Exclusive Global License Agreement. The company updated its previous announcement to include additional details about the payment structure associated with the agreement. The revised announcement specifies that the agreement includes an upfront payment of US$20 million, a further US$5 million in the fourth quarter of 2025, and potential near-term milestone payments of up to US$13 million. This update aims to enhance transparency by providing investors with more detailed information on the potential near-term milestone payments. The revised announcement supersedes the earlier version issued on the same day.

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