Sol-Gel Signs Asset Purchase Agreement With Shenzhen Beimei To Commercialize TWYNEO In Mainland of China, Hong Kong, Macau, Taiwan And Israel
Portfolio Pulse from Benzinga Newsdesk
Sol-Gel has signed an asset purchase agreement with Shenzhen Beimei to commercialize TWYNEO in China, Hong Kong, Macau, Taiwan, and Israel. Sol-Gel will receive $10 million upfront and up to $5 million in royalty payments.
May 16, 2024 | 10:12 am
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Sol-Gel has entered into an agreement with Shenzhen Beimei to commercialize TWYNEO in several territories, potentially boosting its revenue with $10 million upfront and up to $5 million in royalties.
The agreement with Shenzhen Beimei provides Sol-Gel with immediate financial benefits and potential future revenue streams through royalties. This is likely to positively impact SLGL's stock price in the short term.
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