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    Regent Pacific's Strategic Partner Receives Approval from NMPA to Submit IND Application

    Details:

    Under the License Agreement Regent Pacific is now entitled to receive a payment of approximately HK$6.24 million from Wanbang Pharmaceutical, which is payable within 30 business days. NMPA will now formally review Senstend™ for Clinical Trial Approval.


    Lead Product(s): Lidocaine,Prilocaine

    Therapeutic Area: Psychiatry/Psychology Product Name: Senstend

    Highest Development Status: ApprovedProduct Type: Small molecule

    Partner/Sponsor/Collaborator: Wanbang Biopharmaceuticals

    Deal Size: $4.0 million Upfront Cash: Undisclosed

    Deal Type: Licensing Agreement December 02, 2020

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