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Agenix Sells China Rights for Hepatitis B Treatment to Cinkate

publication date: May 20, 2014
Agenix, an Australian biopharma with a drug development subsidiary in Shanghai, sold its pre-clinical treatment for hepatitis B to Cinkate Pharmaceutical Intermediates for $2 million. The drug candidate, AGX-1009, is a prodrug of tenofovir, a nucleotide analogue reverse transcriptase inhibitor. Cinkate is a US company that is focused on drug development in China and markets Airohua® (lefluonomide) for autoimmune indications. More details....

Stock Symbol: (ASX: AGX)

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