Zhejiang Hisun to market Fujifilm's anti-influenza drug in China

23 June 2016

Japan’s Fujifilm (TYO: 4901) has signed a licensing agreement allowing Chinese pharma company Zhejiang Hisun Pharmaceutical (SHA: 600267) to use its favipiravir-related patents to develop, manufacture and market an anti-influenza drug in China.

Favipiravir is an effective ingredient of Avigan, which was created by the Fujifilm Group company Toyama Chemical, and has manufacturing and marketing approval in Japan. Research has shown that it also shows potential efficacy against the Ebola virus.

Under the agreement, Fujifilm will receive an undisclosed lump-sum payment and royalties once such a influenza drug is successfully introduced to the Chinese market.

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