BioPhoenix Funds VELDONA Development for Ainos, Inc.
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What happened
Ainos, Inc. announced a VELDONA® License Agreement with BioPhoenix Co., Ltd. This collaboration framework has a potential aggregate value of $10 million. BioPhoenix will assume primary funding and execution responsibilities for the clinical and regulatory development activities related to two initial indications. Ainos retains core platform ownership and long-term commercial interests.
From pr-inside.com
Why it matters
The agreement establishes a partner-funded development model for VELDONA. Development expenditures funded by BioPhoenix, potential product supply revenue, and downstream revenue sharing are separate from the initial $10 million collaboration framework.
From pr-inside.com
Who's involved
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The entities involved
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