What a day for Hanmi Pharmaceutical Co. Ltd.'s investors. They must have thought they were in for a rally after the South Korean pharma firm made an announcement of a hefty licensing out deal with Genentech Inc. on Sept. 29. But their hopes soon turned to disappointment.
Surprise Boehringer Decision Turns Hanmi Investors’ Hopes To Despair
Hanmi shares have gone on a wild roller coaster ride as bad news came after good. A day after it announced a huge licensing agreement with Genentech, the South Korean firm unveiled that Boehringer Ingelheim had decided to return rights to olmutinib, the EGFR inhibitor it licensed from Hanmi last July.
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