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Legend Capital Led a New Round of Investment of Etana

Legend Capital Led a New Round of Investment of Etana
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Etana to launch Innovent Biologics' cancer drug BYVASDA in Indonesia

Etana to launch Innovent Biologics' cancer drug BYVASDA in Indonesia
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Innovent Announces an Out-license Agreement with PT Etana Biotechnologies Indonesia to Launch BYVASDA® (Bevacizumab Biosimilar) in Indonesia

Press release content from PR Newswire. The AP news staff was not involved in its creation.
Innovent Announces an Out-license Agreement with PT Etana Biotechnologies Indonesia to Launch BYVASDA® (Bevacizumab Biosimilar) in Indonesia
January 19, 2021 GMT
SAN FRANCISCO and SUZHOU, China, Jan. 18, 2021 /PRNewswire/ Innovent Biologics, Inc. (Innovent) (HKEX: 01801), a world-class biopharmaceutical company that develops, manufactures and commercializes high-quality medicines for the treatment of cancer, metabolic, autoimmune and other major diseases, today announced an agreement with PT Etana Biotechnologies Indonesia (Etana) to out-license BYVASDA® (Bevacizumab Biosimilar)’s development and commercialization rights in Indonesia to Etana. Etana is committed to launch BYVASDA® in the local market. In return, Innovent will receive milestones for development and commercialization as well as double-digit royalties on net sales. The specific financial terms were not discl ....

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