Harbin Gloria Pharma In-licenses China Rights to Korean Drug
1/22/2014 8:07:23 AM
by Richard Daverman, PhD
January 21, 2014 -- Harbin Gloria Pharmaceuticals in-licensed China rights to a hypertension treatment developed by Korea’s Boryung Pharma, paying $5.4 million upfront. Fimasartan, known as Kanarb, is a novel non-peptide angiotensin II receptor antagonist (ARB), which acts as a vasodilator. It has been marketed in Korea since 2011. As part of the deal, Gloria promised a minimum of $75 million in China sales over the next ten years. More details....
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