BTG and SciClone's DC Bead liver cancer therapy approved in China

28 August 2014

UK specialist health care company BTG (LSE: BTG) and its partner, China-focused US specialty drugmaker SciClone Pharmaceuticals (Nasdaq: SCLN) have received approval for their DC Bead from the China Food and Drug Administration in the embolization of malignant hypervascularized tumors.

The two companies have an agreement whereby SciClone holds exclusive licensing and distribution rights for the therapy in China, which means SciClone will purchase product from BTG at a specified price for sale in the region.

Louise Makin, chief executive of BTG, said: “Approximately half of the world’s liver cancer patients are in China and there is a great interest among Chinese physicians to offer new, differentiated treatment options. Today’s news marks an important step toward bringing our first interventional oncology product, DC Bead, to the Chinese market where we can help address this need.”

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