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YM BioSciences Inc. 5045 Orbitor Drive, Building 11, Suite 400 L4W4Y4 Mississauga, Ontario, Canada http://www.ymbiosciences.com
Contact Mr Thomas Fechtner +1 646-378-2931
Company logo of YM BioSciences Inc.
YM BioSciences Inc.

YM BioSciences ANNOUNCES milestone payment for approval of nimotuzumab in the philippines and indonesia

(PresseBox) (Mississauga, Ontario, )
YM BioSciences Inc. (NYSE Alternext US:YMI, TSX:YM, AIM:YMBA), an oncology company that identifies, develops and commercializes differentiated products for patients worldwide, today announced that its majority-owned subsidiary CIMYM BioSciences Inc. received a milestone payment from its licensee Innogene Kalbiotech Ltd (IGK) in recognition of the recent marketing approval of nimotuzumab in the Philippines and Indonesia. IGK is the biotech subsidiary of P.T Kalbe Farma Tbk (Jakarta, Indonesia), one of the largest pharmaceutical companies in the region with more than 8,100 employees and annual revenues exceeding US$300 million.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.