Zhejiang CONBA Pharmaceutical Co Ltd600572
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Conba acquires exclusive rights to a Phase III innovative pain drug, strengthening its pipeline.

Conba's wholly owned subsidiaries Hangzhou Conba and Hong Kong Conba have signed an agreement with Adneuris Therapeutics to acquire exclusive development and commercialization rights to cebranopadol in Greater China. Cebranopadol is a first-in-class oral analgesic targeting both NOP and MOP receptors, has completed Phase III clinical trials, and is expected to submit a new drug application to the US FDA this year. Conba will pay an upfront fee of $17.5 million, up to $94 million in milestone payments, and tiered royalties.
Zhejiang CONBA Pharmaceutical Co LtdConba acquires exclusive rights to a Phase III innovative pain drug, strengthening its pipeline.
Adneuris receives $17.5M upfront and potential milestones from licensing deal.