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The company announced that it plans to quickly proceed with out-licensing negotiations with global pharmaceutical companies if the results of phase 3 clinical trials come out at a similar level to the results of phase 2. Conversely, license out refers to giving permission to a third party to produce and sell products containing technology or intellectual property rights. Big Pharma said that they usually purchase several drugs out of license and then go through a validation process to select the drug that best suits their portfolio.
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Recently concluded technology transfer between Hanmi Pharmaceutical and Yuhan Corporation. [Daily Farm = Reporter Seokjun Lee] The analysis is that the continuous collaborative relationship with Big Pharma was the basis for the big deals (licensing out/lo) of large domestic pharmaceutical companies. While China maintains its lead in the pharmaceutical technology export market, out-licensing transactions of Korean pharmaceuticals to large overseas pharmaceutical companies also surged by 180%.
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In order to continue to pursue technology transfer to global big pharma and at the same time obtain direct approval for new drugs, we are in discussions with a non-profit clinical implementation organization specializing in gbm in the United States.
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