S-P enters agreement with Huya seeking to license drugs from China
Huya Bioscience International, a firm that pursues US-Chinese drug co-development, has entered an agreement with US drug major Schering-Plough's Organon subsidiary. S-P has selected Huya to identify and present to it on an exclusive basis proprietary lead, preclinical and clinical drug candidates in specific therapeutic areas that originate in China. Huya's Chinese bioscience network comprises premier universities, government research institutions and bioparks throughout the country. The company is currently evaluating and following the progress of more than 500 drug candidates.
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