DBP International AB: Joint Venture agreement with Shijiazhuang Yuanjia Biotechnology for Temodex in China
Double Bond Pharmaceutical International AB (publ) via it's subsidiary Double Bond Pharmaceutical AB ("DBP", org. No. 556959-2982) has today signed an agreement with Shijiazhuang Yuanjia Biotechnology Co., Ltd via it's subsidiary Shijiazhuang Yuanta Biotechnology Co., Ltd ("SYB") for setting up a joint venture in China for commercialization of Temodex in the Chinese market. Under the terms of the agreement DBP grants to the joint venture exclusive rights for the product for 25% of shares of the joint venture as well as €0.5 million of milestones payment conditioned by formal market