Luye Pharma Obtains Exclusive License of New Antidiabetic Preparation in China from Dong-A Phama
Dong-A authorizes the exclusive right of DA-1229 to Luye which will be responsible for self-development, reporting and sales of the product’s raw materials and preparation in China.
On February 17, 2012, Luye Pharma Group and South Korea's largest pharmaceutical company Dong-A Pharma Co., Ltd. signed a cooperation agreement at Yantai, Shandong Province. Dong-A authorized that Luye would have the exclusive license of research, development, production and marketing for the hypoglycemic drug DPP-IV inhibitor DA-1229 in China. Mr. Jiang Xinhao, Chairman of Dong-A, and Mr. Liu Dianbo, Chairman of Luye, attended the signing ceremony.
Under the agreement, Dong-A authorizes the exclusive right of DA-1229 to Luye which will be responsible for self-development, reporting and sales of the product’s raw materials and preparation in China.
Luye Pharma attaches great importance to and actively explores internatio
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