Medicis to invest in Revance
The option period will extend through the end of Phase II testing in the US. In consideration of investment, Medicis will receive preferred stock equivalent to nearly 10%
Biologics contract development and manufacturing organisation (CDMO) AsymBio is set to secure 1.2397bn yuan (approximately $184m) from Asymchem Group, Hillhouse Qirui and other investors to support its long-term growth.
The license is expected to enhance Invitrogen’s growing portfolio of intellectual property surrounding click chemistry, originally developed by Nobel Laureate Barry Sharpless’s laboratory at The Scripps Research Institute