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Brii Bio Forms $128.5 Million Collaboration for Therapeutic Hepatitis B Vaccine

publication date: Dec 6, 2018

Brii Biosciences, a China-US startup, has entered a $128.5 million agreement for China rights to an immuno-therapeutic hepatitis B vaccine from VBI Vaccines of Cambridge, MA. Brii made a $4 million upfront payment and an equity investment of $11 million in VBI, plus will pay up to $117.5 million in milestones. Brii made its debut earlier this year with $260 million in initial capital. It also announced options for China rights to four biotech infectious disease assets from Vir of San Francisco, including a hepatitis B vaccine. More details....

Stock Symbol: (NSDQ: VBIV)

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