HilleVax looks to offer first ever vaccine for norovirus
HilleVax (Nasdaq: HLVX) has agreed terms for a licensing deal with Chengdu-based Kanghua Biological (SHE: 300841), a Chinese biotech also known as Kangh.
The agreement covers Kangh’s hexavalent virus-like particle (VLP) norovirus vaccine candidate, known as HIL-216, outside of China, Hong Kong, Taiwan and Macau.
HilleVax will pay Kangh an upfront payment of $15 million with the potential for additional payments of up to $256 million in milestones, plus single-digit tiered royalties.
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