[Asia Economy Reporter Geum Bo-ryeong] Olipass announced on the 4th that it received a notice of termination of the strategic joint research and development contract for a muscle rare disease treatment from Company A (a US-based rare disease new drug development biotech), the counterparty of the strategic joint research contract.



The termination effective date is August 1. The sales amount related to the contract is 367.56 million KRW, which accounts for more than 10% of recent sales.


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