1. Scrip
  2. >>Focus On Asia
  3. >>China

Hengrui, BeyondSpring In Arbitration Face-Off After Cancer Deal Setbacks

 
• By Dexter Jie Yan

A Chinese court decision sheds light on how Chinese major Hengrui Medicine is seeking to reduce or avoid potential losses worth up to $27m following regulatory setbacks with the tubulin inhibitor plinabulin, in-licensed from BeyondSpring in 2021.

Jiangsu Hengrui Medicine Co., Ltd. is apparently going all-in to salvage a CNY200m ($27m) upfront payment it made to Dalian Wanchunbulin Pharmaceuticals, a China-based subsidiary of BeyondSpring Inc., in a licensing deal for an oncology product sealed in 2021.

Earlier this year, the two companies went to arbitration at the China International Economic and Trade Arbitration Commission (CIETAC), according to a ruling by the Beijing No.2 Intermediate People’s Court, made public on 5 September

Read the full article – start your free trial today!

Join thousands of industry professionals who rely on Scrip for daily insights

  • Start your 7-day free trial
  • Explore trusted news, analysis, and insights
  • Access comprehensive global coverage
  • Enjoy instant access – no credit card required
Start Free Trial

Already a subscriber?

More from China

More from Focus On Asia