Celsion’s New Subsidiary in China to Serve as Beachhead for Commercializing ThermoDox® in China and Southeast Asia
Celsion Corporation (CLSN)
Last celsion corporation earnings: 11/14 04:05 pm
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Source: GlobeNewswire
Memorandum of Understanding completed with Chinese government officials in the Yuhang district of Hangzhou, China’s biotech hub, to develop and commercialize innovative cancer therapies starting with ThermoDox®.Agreement includes numerous financial and non-financial incentives including grants tied to clinical research, personnel expenses and tax abatements subject to certain development and commercial milestones.Subsidiary will provide Celsion with base for commercializing ThermoDox® in China and nearby developing markets including the Philippines, Malaysia, Thailand, Vietnam, Taiwan and South Korea. Celsion’s Chinese manufacturing partner, Hisun, to provide ThermoDox® with an economically viable cost structure in China and other emerging markets. LAWRENCEVILLE, N.J., Dec. 18, 2019 (GLOBE NEWSWIRE) -- Celsion Corporation (NASDAQ: CLSN), an oncology drug development company, announces the signing of a memorandum of understanding (MOU) with officials from the Hangzhou Yuhang Econo
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