GNTbm announces licensing of exclusive sales/marketing rights of anticancer drug Chidamide to Taiwan Specialty Pharma Corp. (TSPC)


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GNT Biotech & Medicals Corporation  
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TAIPEI, Taiwan, June 21, 2018 /PRNewswire/ -- GNT Biotech & Medicals Co., Ltd. (GNTbm, TPEx Emerging: 7427) announced that it has awarded exclusive sales and marketing rights in Taiwan of anticancer drug Chidamide to pharmaceutical distribution company Taiwan Specialty Pharma Corp. (TSPC) for two indications; hormone receptor-positive, HER-2 negative late stage breast cancer in post-menopausal patients; and peripheral T-cell lymphoma (PTCL). The licensing agreement includes upfront and milestone payments of up to NT$30 million (approx US$1mil), with royalties from sales to be awarded separately.