Biochemical Engineering

ReNeuron grants Fosun unit rights to stem cell therapies

ReNeuron grants Fosun unit rights to stem cell therapies

9th April 2019

ReNeuron gained 51p (30%) to 222p on Tuesday after it granted a Fosun subsidiary exclusive rights to develop and commercialize its hRPC and CTX stem cell therapies in China. ReNeuron Group plc will receive $7.9 million up front and is eligible for estimated milestones of $104.8 million, plus 12-14% tiered royalties. Source: Biocentury 9/4/2019


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