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Sciwind Biosciences Out-licenses Korean Rights for GLP-1 to HK inno.N

publication date: May 7, 2024

Hangzhou Sciwind Biosciences out-licensed South Korean rights for ecnoglutide injection (XW003), a novel long-acting GLP-1 analog aimed at type 2 diabetes, obesity and MASH, to HK inno.N Corporation. HK inno.N is a South Korean commercial stage pharmaceutical company. Sciwind will receive an unspecified upfront payment and additional milestones of up to $56 million, plus up to double-digit royalties on sales. XW003 is currently in a Phase III trial. In previous tests, it showed efficacy for type 2 diabetes and obesity without serious safety concerns. More details....

Stock Symbol: (KOSDAQ: 195940)

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