The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

Metis TechBio and Boulevard Bio's Landmark Deal

News Snapshot:

Metis TechBio, a Hong Kong-listed tech firm specializing in drug design, announced a significant development on Tuesday. The company has formed a pivotal agreement with Boulevard Bio, a biotechnology firm based in the United States, granting it exclusive worldwide rights to develop, produce, and market Metis TechBio's novel autoimmune drug, MTS-128.This agreement could be worth up to $1.6 billion, marking a significant step in the field of biotechnology. The deal reflects a growing trend in collaboration between U.S. and Chinese tech companies, even as Beijing intensifies its scrutiny of international technology contracts involving potentially sensitive innovations.This partnership underscores the continued…

Other China Tech Buzz: