Organon announces fertility asset deal in China
Women’s health focussed company Organon China today revealed that it has entered into license and supply agreements with Shanghai Bao Pharmaceutical, acquiring the exclusive commercialization rights to its investigational asset, SJ02, in China Mainland.
SJ02, developed by Centergene, a wholly-owned subsidiary of BaoPharma, is a long-acting recombinant human follicle-stimulating hormone carboxyl-terminal peptide fusion protein (FSH-CTP) designed for controlled ovarian stimulation (COS) in combination with a gonadotropin-releasing hormone (GnRH) antagonist to facilitate the development of multiple follicles in women undergoing assisted reproductive technology (ART) programs.
According to the terms of the agreement, BaoPharma and Centergene will receive a $12 million upfront payment with additional development and commercial milestone payments.
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