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Luye Selects AstraZeneca to Market its Anti-Cholesterol Drug in China

publication date: Jan 16, 2019

Luye Pharma out-licensed mainland China marketing rights for its anti-cholesterol Xuezhikang capsules to AstraZeneca China. Xuezhikang is a fermented form of red yeast rice that is similar to a statin. It has successfully completed US Phase II trials, and the two companies are considering expanding distribution to the US, Europe and emerging markets. They expect Xuezhikang revenues will continue growing at a double-digit rate. The partnership is the first time a China biopharma has partnered China product rights with a multinational company for a product it developed. More details....

Stock Symbols: (HK_8126) (NYSE: AZN)

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