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IX Biopharma
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COMFORT DELGRO - MOVING FORWARD
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seanpent
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14-Sep-2020 09:56
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just checking .... this one China side got any listing ?   
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boyboy61
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14-Sep-2020 09:25
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old news, no impact/effect
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seanpent
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14-Sep-2020 09:14
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Wow ...... excellent info .....
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guards80
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13-Sep-2020 20:15
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Yes very soon. Should see 40cents soon too
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SmallSmall
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13-Sep-2020 19:37
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This is the deal that will be the game changer. Hopes Yiling Pharmaceutical gets the approval soon. It' s been 5 months since the tie up was announced. Don' t see why they would not get the approval as Viagra is widely accepted drug.
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| The share price of Singapore-listed specialty pharmaceutical company iX Biopharma jumped as much as 35% to touch 27 cents this morning after it announced a licensing deal in China. (Update: The stock closed today +64% at 32.5 cents).  
Yiling, with reported  revenue of RMB 4.81 billion in 2018, is a subsidiary of Shijiazhuang Yiling Pharmaceutical Co. Ltd., a public company listed on the Shenzhen Stock Exchange. Shijiazhuang Yiling Pharmaceutical  has been designated a national key high-tech enterprise in the top 20 China pharma list. |
Yiling will be granted an exclusive license to market and distribute Wafesil&trade in China after it obtains marketing authorisation in the name of iX Biopharma in China.
iX Biopharma will manufacture and supply Wafesil&trade to Yiling at a supply price agreed between the parties.
The initial term of the agreement is 10 years.
 
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iX Biopharma stock price  |
26 c |
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52-week range |
13 &ndash 29 c |
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Market cap |
S$169 m |
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PE  (ttm) |
- |
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Dividend yield  |
- |
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1-year return |
-2% |
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Shares outstanding |
649 m |
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Source: Bloomberg |
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Yiling will pay to iX Biopharma an upfront and certain milestone payments prior to the commercialisation of Wafesil&trade .
The milestone payments will be made upon the completion of bioequivalence studies and on the first commercial supply of wafers by iX Biopharma to Yiling.
In addition, Yiling has agreed to fund any bioequivalence studies and regulatory submissions necessary for the registration of the product in China.
By partnering with Yiling, iX Biopharma will be able to access the market through Yiling&rsquo s sales and distribution network covering 100,000 medical and health institutions and over 300,000 pharmacies in China.
Wafesil&trade is a new dose form of sildenafil, formulated using iX Biopharma&rsquo s patented sublingual drug delivery technology, WaferiX® .
It is a registered pharmaceutical medicine in Australia and an application has been made to the European Medicines Agency for marketing authorisation in Europe.
Mr Zhao Shaohua, President of Yiling Pharmaceutical Ltd, said: &ldquo There is a significant and growing market for sildenafil in China. We see huge potential in Wafesil&trade , a quality drug imported from Australia. This is because Wafesil&trade is patented with a novel sublingual delivery, and has the potential for better absorption and faster onset of therapeutic action.&rdquo
 
Ms Eva Tan, Director of Corporate and Commercial Strategy of iX Biopharma  (photo)  said: &ldquo We are delighted that in Yiling, we have a strong partner for our inaugural entry into the China pharmaceutical drug market. We have confidence in Yiling&rsquo s regulatory expertise to successfully register Wafesil&trade in China, after which we will be able to leverage on their established sales distribution network covering hospitals and pharmacies across all of China. Like Yiling, we are excited about the sales potential of Wafesil&trade in the Chinese market due to its novel, superior dosage form achieved using the WaferiX delivery technology.&rdquo   |
Wafesil&trade is the first drug of iX Biopharma&rsquo s drug pipeline to be out-licensed.
In addition to Wafesil&trade , iX Biopharma said it has a rich pipeline of other drugs formulated with the WaferiX® drug delivery platform technology that have the potential to be partnered for global markets.
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RyantNg ( Date: 12-Sep-2020 12:17) Posted:
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Nvr mind , try again on Monday 0.22 and 02
After that sell at 0.23
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guards80 ( Date: 11-Sep-2020 17:41) Posted:
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SmallSmall ( Date: 11-Sep-2020 13:45) Posted:
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easywin ( Date: 11-Sep-2020 12:32) Posted:
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JessTrang ( Date: 11-Sep-2020 12:12) Posted:
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JessTrang ( Date: 11-Sep-2020 12:12) Posted:
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zaylatt ( Date: 11-Sep-2020 12:20) Posted:
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Ms Eva Tan, Director of Corporate and Commercial Strategy of iX Biopharma  (photo)  said: &ldquo We are delighted that in Yiling, we have a strong partner for our inaugural entry into the China pharmaceutical drug market. We have confidence in Yiling&rsquo s regulatory expertise to successfully register Wafesil&trade in China, after which we will be able to leverage on their established sales distribution network covering hospitals and pharmacies across all of China. Like Yiling, we are excited about the sales potential of Wafesil&trade in the Chinese market due to its novel, superior dosage form achieved using the WaferiX delivery technology.&rdquo