bullish
Alteogen (196170 KS): Milestone Payments and Pipeline Progress Strengthen Business Growth Prospect
372 Views19 Jun 2023 18:08
SUMMARY
- Alteogen Inc (196170 KS)'s partner has submitted marketing application for Herceptin biosimilar in China. Alteogen will be entitled for royalty after the product is approved and sold in China.
- In April 2023, Alteogen announced that the company will receive additional milestone of $3 million (~KRW4 billion) from its first ALT-B4 technology transfer partner.
- Alteogen has completed patient recruitment for global phase 3 trial for Eylea biosimilar. Marketing application is expected to be filed in early 2024, with marketing expected to start from 1H25.
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Tina Banerjee
Global Healthcare Analyst
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