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Two China Biopharmas Strike $65 Million Deal for Rights to Cell Therapy

publication date: Oct 6, 2020

Guangzhou Link Health Pharma and Shenzhen Pregene Biopharma announced a $65 million deal to acquire China/Asia rights to a cell therapy for bone fractures developed by Bone Therapeutics of Brussels. ALLOB is an allogeneic, off-the-shelf product manufactured by a proprietary process using cultured bone marrow mesenchymal stem cells from healthy adult donors. ALLOB has completed two European Phase IIa tests showing safety and efficacy. ChinaBio®, in partnership with Agile Capital, represented Bone Therapeutics in the transaction. More details....

Stock Symbol: (Euronext: BOTHE)

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