Bio & Pharma
S.Korea's Kainos Medicine exports AIDS treatment technology to China
The new drug developer licenses out its AIDS drug KM-023 to Jiangsu Aidea Pharma
By Apr 21, 2023 (Gmt+09:00)
1
Min read
Most Read
S.Korea's LS Materials set to boost earnings ahead of IPO process
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
NPS to cut global stocks under GP management, up its direct control
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
Korean PE funds shrink in 2023 for first time in 7 years
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
Galaxy Ring, new foldables set to steal the show at Samsung Unpacked Paris
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
POSCO gears up for carbon-free steelmaking with hydrogen
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
![S.Korea's Kainos Medicine exports AIDS treatment technology to China](https://www.kedglobal.com/data/ked/image/2023/04/21/ked202304210042.600x.0.jpg)
South Korean new drug developer Kainos Medicine Inc. announced on Friday that it had signed a technology transfer agreement with Chinese pharmaceutical company Jiangsu Aidea Pharmaceutical Co. for its AIDS treatment drug, KM-023, targeting global regions except for Korea.
Under this agreement, Jiangsu Aidea will have exclusive rights to develop and commercialize KM-023 in regions outside Korea. Previously, Jiangsu Aidea acquired the rights to KM-023 in China in 2014.
Kainos will receive a 45% royalty on the gross profits from sales in countries where they hold patents. If KM-023 is released in countries where Kainos does not hold patents but receives regulatory approval from the European Medicines Agency (EMA), it will receive 10% of the sales revenue.
Kainos Medicine also stated that even after the patent expires in Europe, it will receive a 10% royalty for a certain period of time if it receives exclusive data rights by obtaining product approval from the EMA.
Write to Jeong Min Nam at peux@hankyung.com
More to Read
-
Bio & PharmaGeneOne Life Science gets patent for coated microneedle tech in China
Apr 19, 2023 (Gmt+09:00)
1 Min read -
Bio & PharmaS.Korea's FutureChem gets approval for phase 3 clinical trials in China
Mar 17, 2023 (Gmt+09:00)
1 Min read -
Bio & PharmaHLB’s Rivoceranib, Hengrui's Camrelizumab approved as combination therapy in China
Feb 09, 2023 (Gmt+09:00)
2 Min read
Comment 0
LOG IN