Summary by Moomoo AI
Conchino Biologics (stock code: 6185) issued an Overseas Regulatory Notice on March 13, 2024, indicating that the company has recently received a notice of action filed by the Brazilian Court, which is being brought by Belcher Farmaceutica Ltda. It asked for compensation of about 1.67 billion reais (about RMB2.41 million) for Conchino's biological compensation. The lawsuit stems from a 2021 license for Conchino Biologics Belcher in Brazil to conduct registration and commercialization negotiations for the COVID-19 vaccine on its behalf, but due to conditions not being met, Conchino Biologics revoked the license in June of the same year. At present, the coronavirus vaccine from Conchino Bio has not been granted an emergency use permit in Brazil, nor is it sold in Brazil. Consino Bios said...Show More