ABVC BioPharma Secures $200,000 in First Cash Licensing Payment From Oncology Products Partner, Totaling $546,000 From Three Partners
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ABVC BioPharma has received a $200,000 cash payment from OncoX BioPharma as part of a licensing agreement for oncology products. This is the first installment of a potential $5 million in licensing fees. ABVC has accumulated $546,000 from three partners and is eligible for further shares, cash, and royalties.
December 11, 2024 | 11:45 am
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ABVC BioPharma received a $200,000 payment from OncoX BioPharma, marking the first installment of a $5 million licensing agreement for oncology products. This boosts ABVC's total cash from partners to $546,000.
The receipt of the first installment of a $5 million licensing agreement is a positive financial development for ABVC, indicating potential future revenue streams. This payment also increases the total cash received from partners, which is beneficial for the company's financial health.
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