Fosun Pharma: Signed a licensing agreement with Nucor to obtain the rights to develop AR1001 in China
Fosun Pharma announced that its holding subsidiary Fosun Pharma Industry has signed a licensing agreement with Nucor, obtaining the rights to develop, register, produce and commercialize AR1001 in the agreed licensed areas (mainland China and Hong Kong and Macao) and fields (diagnosis, prevention and treatment of Alzheimer's disease and other neurological diseases). According to the agreement, Fosun Pharma Industry will pay a down payment and regulatory milestone payments of up to RMB 150 million. As of the date of this announcement, no drug with the same target for the treatment of Alzheimer's disease has been approved for marketing worldwide.