Italy's Menarini Licenses European Rights to Chinese GLP-1 Drug Bofanglutide
Quick answer: Italy's Menarini Group signed an exclusive license agreement with China's Gan & Lee Pharmaceuticals for European rights to bofanglutide, a once-every-two-weeks GLP-1 receptor agonist for obesity and overweight. The deal is worth up to 726 million euros, including a 62 million euro upfront payment plus milestones, and covers 39 European markets including the EU, UK, and Switzerland.
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