CSPC Pharmaceutical Group (HK:1093) has released an update.
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CSPC Pharmaceutical Group Limited has announced a lucrative exclusive licensing agreement with AstraZeneca to develop and market their novel Lipoprotein(a) inhibitor compound, YS2302018. The deal includes an initial $100 million payment to CSPC, with the potential for up to $370 million in development milestones and up to $1.55 billion in sales milestones, plus sales royalties. The AI-developed compound shows promise in pre-clinical studies for reducing cardiovascular risk by targeting and inhibiting Lp(a) formation.
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