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Shanghai's Harbour BioMed in $81 Million Deal for Two HanAll Biologic Drugs

publication date: Sep 12, 2017

Harbour BioMed, a China-US biopharma, will collaborate with Korea's HanAll Biopharma to develop two of HanAll's novel biologics in Greater China. HanAll will receive up to $81 million in a combination of upfront and milestone payments, plus royalties. The two HanAll biologics are aimed at autoimmune and inflammatory diseases. Harbour was formed in late 2016, when the company raised $50 million in initial capital and acquired Harbour Antibodies BV, a Dutch company with two proprietary transgenic mouse platforms. More details....

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