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Italy's Chiesi to Distribute Veloxis' Anti-Organ Rejection Drug In China

publication date: Jun 7, 2017
Chiesi Farmaceutici of Italy paid $6 million upfront for greater China rights to an immunosuppressive drug made by Denmark's Veloxis Pharma. Envarsus XR is used to prevent organ rejection following transplant surgery. Chiesi already distributes Envarsus XR in 18 countries, mainly in Europe and ex-Communist countries. It will make a milestone payment of undisclosed size once Envarsus XR is approved for use in China. The agreement, which will run for 15 years, includes mainland China and Taiwan. More details....

Stock Symbol: (CPH: VELO)

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