Summary by Moomoo AI
CHINA BIOPHARMACEUTICAL CO., LTD. (HEREINAFTER REFERRED TO AS “CHINESE PHARMACEUTICALS”) ANNOUNCED THAT IT HAS ESTABLISHED A STRATEGIC PARTNERSHIP WITH BORINGYINGHAN TO JOINTLY DEVELOP AND COMMERCIALIZE BURNINGYGHAN'S ONCOLOGY PIPELINE IN MAINLAND CHINA. The collaboration includes several clinical-stage assets, such as brigimadlin, zongertinib, and BI 764532, and others, aimed at meeting the unmet clinical needs of the Chinese market. This collaboration will help enrich the oncology product portfolio of CUHK Pharmaceuticals and incorporate product revenues into the company's consolidated financial statements. The agreement marks the beginning of cooperation between the two sides in the field of oncology and helps SSE Pharma expand its international reach and become the preferred partner for multinational companies. The Board of Directors announced this announcement on 8 April 2024.