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Huadong Medicine Acquires Rights to Four Ashvattha Candidates for $45 Million

publication date: Apr 27, 2022

Huadong Medicine of Hangzhou entered a $45 million deal for China rights to four novel hydroxyl dendrimer candidates developed by Ashvattha Therapeutics of Redwood City, CA. The $45 million was part of Ashvattha’s $69 million Series B financing, which was announced at the same time. Ashvattha said HDTs have been shown to selectively target reactive inflammatory cells in diseased tissue, with the ability to cross the blood-brain barrier for neurology, ophthalmology and inflammatory disease indications. Huadong, founded in 1993, in-licenses products to diversify its portfolio of China drugs. More details....

Stock Symbol: (SHZ: 0963)

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