PegBio signs exclusive Paidakang commercialization deal with Tenry Pharmaceutical worth HKD140 million

Reuters

Mar 16

PegBio signs exclusive Paidakang commercialization deal with Tenry Pharmaceutical worth HKD140 million

PegBio entered a strategic cooperation agreement with Tenry Pharmaceutical for the commercialization of Paidakang in mainland China. Under the arrangement, Tenry will handle exclusive commercialization and promotion activities for the product in mainland China. The companies set a cumulative sales target of more than CNY 10 billion for Paidakang under the commercialization plan. Tenry will pay PegBio royalties totaling about HKD 140 million, which are expected to be paid within the current year. Sales revenue for Paidakang in mainland China will be recognized by PegBio, while PegBio retains intellectual property and overseas market interests for the product.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pegbio Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260316-12053822), on March 16, 2026, and is solely responsible for the information contained therein.

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