Biophytis: in discussions for an agreement in China
(CercleFinance.com) - Biophytis announces that it has entered into exclusive negotiations with a leading Chinese pharmaceutical company, which 'stands out for its expertise in developing innovative technologies, and its ability to access a fast-growing market'.
These discussions are aimed at finalizing a licensing agreement to co-develop and market BIO101 (20 Hydroxyecdysone) in China, in the most promising and advanced indications: viral respiratory infections, sarcopenia and obesity.
China is now the world's second-largest pharmaceutical market, with a value of $190 billion", points out Chief Business Officer Edouard Bieth, noting that obesity accounts for 70 million patients and sarcopenia for almost 30 million.
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