China Medical System (00867) Obtained Exclusive License of a First-line Phosphate-lowering Drug Velphoro®
Winhealth Investment and VFMCRP entered into a License Agreement (the “License Agreement”) for the Product on 28 June 2023.
- Winhealth Investment and VFMCRP entered into a License Agreement (the “License Agreement”) for the Product on 28 June 2023.
- Upon the expiration of the aforementioned term, the License Agreement may automatically be renewed for ten years as per certain conditions defined in the License Agreement.
- There is an issued patent that protects the formulation, usage, particle size and manufacturing methods of the Product in China.
- Velphoro® is a newly approved innovative drug in China in 2023 and has been successfully included in category B of the National Reimbursement Drug List.