Athenex and its Collaborative Partner, Hanmi Pharmaceutical, Announce Strategic Realignment of their Joint Projects
Athenex, Inc. (ATNX)
Last athenex, inc. earnings: 2/27 07:00 am
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Source: GlobeNewswire
BUFFALO, N.Y., Sept. 12, 2018 (GLOBE NEWSWIRE) -- Athenex, Inc. (NASDAQ:ATNX), a global biopharmaceutical company dedicated to the discovery, development and commercialization of novel therapies for the treatment of cancer and related conditions, and its business partner, Hanmi Pharmaceutical, today announced a strategic realignment of their joint projects to further explore and develop those projects worldwide. Under the realignment, Athenex and Hanmi Pharmaceutical agree to new arrangements in the following projects: a) Orascovery Program – Extension of Athenex’s territories to worldwide apart from Korea. In previous agreements, Athenex in-licensed the rights of the Orascovery Program from Hanmi Pharmaceutical for the US, Europe, Latin America, Japan, China and the rest of Asia (apart from Korea). The revised agreement will also provide Athenex with rights to the Middle East and North Africa (“MENA”) as well as South Africa. Given the excellent progress that has been made in
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