Kintor Pharma Collaborates with Etana to Commercialize Proxalutamide to treat Covid19

26 August 2021 | Thursday | News

Kintor Pharmaceutical Limited ("Kintor Pharma", HKEX:9939), a clinical-stage biotechnology company developing innovative small molecule and biological therapeutics, today announced that it has entered into a licensing agreement with PT Etana Biotechnologies Indonesia, on the commercialization of proxalutamide for the treatment of COVID-19 in Indonesia.
Image Source : Public Domain

Image Source : Public Domain

Pursuant to the Licensing Agreement, Kintor Pharma will receive from Etana upfront and milestone payments, in addition to the economic benefit relating to the sales from the launch of proxalutamide in Indonesia, which is in line with the industry practice.

Dr. Youzhi Tong, Founder, Chairman, and CEO of Kintor Pharma, commented, "We are excited to establish a strategic collaboration with Etana. Recently, the highly contagious Delta strain of COVID-19 variant has been reported in many countries around the world, including Indonesia. In collaboration with Etana, we believe that proxalutamide will serve as an important tool in the fight against COVID-19 pandemic in Indonesia."

Mr. Nathan Tirtana, Co-founder and CEO of Etana, commented, "We felt the collaboration with Kintor Pharma is very important to fight against the pandemic of COVID-19. We hope the collaboration will help the governments to give a better treatment for COVID-19 patients in Indonesia as proxalutamide has demonstrated impressive clinical efficacy and safety in other countries clinical trials for the treatment of COVID-19 infection."

Stay Connected

Sign up to our free newsletter and get the latest news sent direct to your inbox


Forgot your password?



Lost your password? Please enter your email address. You will receive a link to create a new password.

Back to log-in