OliPass Terminates Joint Research and Development Agreement for Muscle Rare Disease Treatment
[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.
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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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