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Sirona Biochem, Wanbang Bio Enter SGLT2 Inhibitor Agreement

Wanbang gains an exclusive license to anti-diabetic treatment in China

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By: Kristin Brooks

Managing Editor, Contract Pharma

Sirona Biochem Corp. has entered an agreement with Wanbang Biopharmaceuticals, providing Wanbang an exclusive license to develop and commercialize its anti-diabetic SGLT2 inhibitor in the People’s Republic of China. Sirona will receive upfront and milestone payments of as much as $9.5 million, as well as royalties on sales.   Wanbang will be responsible for all funding, clinical development, regulatory requirements, manufacturing, sales and marketing of the SGLT2 inhibitor in China, and wi...

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