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...