pSivida Limited Announces Beijing Med-Pharm Co., Ltd. License; Upfront And Milestone Payments

PERTH, Australia--(BUSINESS WIRE)--Oct. 27, 2005--Global bio-nanotech company pSivida Limited (NASDAQ:PSDV, ASX:PSD, Xetra:PSI) today announced it has signed a Licence with Beijing Med-Pharm Corporation (BJGP:PK) for the clinical development, marketing and distribution of pSivida’s lead product, BrachySil(TM), in China.

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