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Tasly Forges $22 Million Partnership with France's Pharnext

publication date: May 10, 2017
China's Tasly Pharma formed a partnership with Pharnext SA, a French company that combines and repositions approved drugs to develop innovative therapies. The agreement has three parts: Tasly will invest $22 million in Pharnext; the two companies will form a JV to develop new drugs using Pharnext's platform; and Tasly acquired China rights to Pharnext's lead drug candidate, a treatment for Charcot-Marie-Tooth disease type 1A. Tasly will contribute its knowledge of traditional Chinese medicines to the combination drug development JV. More details....

Stock Symbol: (SHA: 600535) (Paris: ALPHA)

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