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Amoytop and Aligos Team Up in $109 Million Deal to Develop Novel Drugs for Liver Diseases

publication date: May 16, 2023

Xiamen Amoytop Biotech will collaborate with South San Francisco’s Aligos Therapeutics using Aligos’ platform to discover and develop oligonucleotides that treat liver diseases. Amoytop will have an option to acquire Greater China rights to any discovered drugs. Aligos will receive an upfront payment and research funding along with rest-of-world rights. It will be eligible to receive up to $109 million in development and sales milestone payments for licensed products as well as tiered royalties on net sales. Aligos develops targeted therapies for NASH and viral diseases, while Amoytop focuses on immune-related cytokine medicines. More details....

Stock Symbol: (NSDQ: ALGS)

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