HBM Holdings Ltd. has entered into an exclusive license agreement and equity partnership with Solstice Oncology to develop and commercialize its clinical-stage asset HBM4003 outside Greater China. HBM said it is eligible to receive upfront consideration valued at over US$105 million, including US$55 million in cash and more than US$50 million in Solstice equity, plus up to about US$1.1 billion in milestones and tiered royalties on net sales outside Greater China.
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