vTv Therapeutics out-licenses diabetes program in China, Pacific Rim
USA-based vTv Therapeutics (Nasdaq: VTVT) has entered into a licensing agreement with Hangzhou Zhongmei Huadong Pharmaceutical Co, a wholly-owned subsidiary of Huadong Medicine (SZSE: 000963.SZ), for rights to develop and commercialize vTv’s GLP-1r agonist program in China and other Pacific Rim countries.
Under the accord, vTv has granted Huadong Pharmaceutical an exclusive license to develop, manufacture and commercialize the GLP-1r agonist program in China, Hong Kong, Macau, Taiwan, Thailand, Vietnam, Indonesia, Malaysia, Philippines, Singapore, Myanmar, Cambodia, Laos, Brunei, South Korea and Australia. Under the terms of the agreement, vTv Therapeutics will run a Phase II multi-regional clinical trial (MRCT) including sites in the USA and other regions in the Pacific Rim.
Financial terms of the deal
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