other_material
confidence high
sentiment neutral
materiality 0.60
FibroGen terminates prior HiFiBiO license deal, licenses anti-CCR8 and anti-Gal-9 assets
KYNTRA BIO, INC.
- Terminated Exclusive License and Option Agreement with HiFiBiO dated June 2021, as amended Feb 2024.
- Licensed anti-CCR8 (FG-3175) and anti-Gal-9 (FG-3165) intellectual property to HiFiBiO.
- Eligible for mid single-digit to low double-digit share of HiFiBiO's sublicense revenues and low double-digit share of commercial royalties.
- If HiFiBiO commercializes either asset, FibroGen receives single-digit royalties on worldwide net sales.
item 1.02