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Hanmi Pharmaceuticals to Assign the Rights to Five New Territories to Kinex as Part of the Orascovery Program Strategic Plan
Date:10/22/2013

BUFFALO, N.Y., Oct. 22, 2013 /PRNewswire/ -- Kinex Pharmaceuticals and Hanmi Pharmaceutical Co., Ltd. are pleased to announce the execution of an agreement for Kinex Pharmaceuticals to lead the development of the Orascovery program in Malaysia, Thailand, Vietnam, the Philippines, and Indonesia. The addition of these five new countries is part of the strategic plan to support Kinex and Hanmi's joint effort to execute a regulatory strategy in Asia. This also strengthens the existing agreement forged with Hanmi in December of 2011. Under the two previous collaborative agreements, Hanmi has granted Kinex Pharmaceuticals the rights to develop and commercialize all products derived from the Orascovery program for all indications in the United States, European Union, China, Eastern Europe, Russia, South America, Australia, New Zealand, Taiwan, Hong Kong, Singapore and Macau.

Kinex Pharmaceuticals will assume all development responsibility in the licensed territories. Kinex and Hanmi will collaborate to ensure that the clinical programs in the various geographic regions will complement each other and drive the overall global Orascovery product development and commercialization strategy. ZenRx has recently joined the effort to develop Oraxol and Oratecan in the New Zealand and Australia territories.

Dr. Gwan Sun Lee, Chief Executive Officer of Hanmi Pharmaceutical stated: "Kinex has been an excellent collabor
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SOURCE Kinex Pharmaceuticals
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