Navidea inks China commercialization deal


Navidea Biopharmaceuticals (NYSEMKT:NAVB) enters into an exclusive agreement with a wholly-owned subsidiary of Hainan Sinotau Pharmaceutical Co., Ltd., to develop and commercialize Lymphoseek (technetium Tc 99m tilmanocept) Injection in China.

Under the terms of the agreement, Navidea will earn royalties on units sales, an upfront payment of $300K, up to $700K in development milestone payments and up to $1.5M in sales-related milestones.

Sinotau is responsible for funding and conducting clinical studies and regulatory submissions to the China Food and Drug Administration. It will be responsible for all sales and marketing activities post approval in China exclusive of Hong Kong, Macau and Taiwan.

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Comments (2)
  • pjg69ny
    , contributor
    Comments (436) | Send Message
     
    yippeee POS is 1.39 still after all these years, approvals, milestones, partnerships!!!!!!!!!!...
    4 Sep 2014, 01:27 PM Reply Like
  • 745
    , contributor
    Comments (388) | Send Message
     
    pjg, is your abbreviation for, Piece of &@!? or Point of Sale. Ha! Just double down and the Chinese will boost the price. Me? Think I'll dump the Piece of &@!?.
    4 Sep 2014, 03:29 PM Reply Like
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