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Wednesday, July 25, 2018 8:31:59 PM
As part of the Sublicense Agreement, Baxalta agreed to pay Xenetic a one-time payment of $7.5 million and single digit royalty payments based upon net sales of the products covered under the sublicense throughout the term of the agreement.
Xenetic has previously received strategic investments from OPKO Health (Nasdaq:OPK), Serum Institute of India Limited and PJSC Pharmsynthez.
Recent XBIO News
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