Dimerix out-licenses DMX-200 to Everest for Asian markets
Shares of Australian biotech Dimerix (ASX: DXB) leapt 21.2% to A$0.20 today on the news of a landmark licensing deal.
Dimerix has entered into an exclusive license agreement with Everest Medicines (HKEX 1952) for the commercialization of Dimerix’s Phase III drug candidate DMX-200 for all indications including focal segmental glomerulosclerosis (FSGS), in Greater China (Chinese mainland, Hong Kong SAR, Macao SAR and Taiwan region), South Korea and certain Southeast Asian countries (Singapore, Malaysia, Thailand, Indonesia, Vietnam and Philippines).
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