Sichuan Kelun-Biotech Biopharmaceutical Co., Ltd. Class H (HK:6990) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Sichuan Kelun-Biotech Biopharmaceutical Co., Ltd. has received approval for clinical trials of their novel drug SKB571, targeting solid tumors like lung and gastrointestinal cancers. The company has also secured a $37.5 million payment from Merck & Co., with potential for additional milestone payments and royalties, while retaining commercialization rights in China, Hong Kong, and Macau. Investors are advised to exercise caution as the drug may not ultimately succeed in development and commercialization.
For further insights into HK:6990 stock, check out TipRanks’ Stock Analysis page.