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Sinopharm Signs MOU to In-License Cancer Treatment from Provectus

publication date: Aug 18, 2014
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Sinopharm (China National Pharmaceutical Group) has signed a Memorandum of Understanding with Provectus Biopharma, a US clinical-stage drug company, to in-license China rights for Provectus's lead drug candidate: PV-10, an immunotherapy aimed at cancer. If the two entities reach a final agreement, Provectus will manufacture PV-10 in the US, and Sinopharm A-THINK will distribute the drug in China. Provectus expects the deal to contain upfront, milestone and royalty payments. More details....

Stock Symbol: (NYSE: PVCT)

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