ABVC BioPharma Entered into a Global Licensing Deal of Vitargus with Licensing Income of $33.5M and Royalties up to $60M

March 26, 2024

https://www.globenewswire.com/news-release/2024/03/26/2852346/0/en/ABVC-BioPharma-Entered-into-a-Global-Licensing-Deal-of-Vitargus-with-Licensing-Income-of-33-5M-and-Royalties-up-to-60M.html

FREMONT, CA, March 26, 2024 (GLOBE NEWSWIRE) — via NewMediaWire – ABVC BioPharma, Inc. (NASDAQ:ABVC) (“Company”), a clinical-stage biopharmaceutical company developing therapeutic solutions in ophthalmology, CNS (central nervous systems), and oncology/hematology, announced today that each of the Company and its subsidiary BioFirst Corporation entered into a global licensing agreement with ForSeeCon Eye Corporation (FEYE) for the Company’s Ophthalmology pipeline, which includes the medical device Vitargus® (valued at $187M, by third-party valuer) (the “Licensed Products”). This license will cover the Licensed Products’ clinical trial, registration, manufacturing, supply, and distribution rights.

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