China-based Biocytogen Pharmaceuticals (Beijing) Co., Ltd. (SSE: 688796; HKEX: 02315) has granted Qilu Pharmaceutical Co., Ltd. a non-exclusive license to a fully human VHH antibody molecule from its RenNano platform.
The licensed molecule is preclinical, with no named target or specific indication disclosed. Qilu Pharmaceutical, a large Chinese pharmaceutical company with established capabilities across chemical drugs, biologics, and innovative therapeutics, will advance the asset independently under its own research and development strategy. The company said the future development modality — whether as a standalone VHH antibody, bispecific, antibody-drug conjugate (ADC), or other format — will be determined according to project characteristics and therapeutic needs.
Biocytogen confirmed it will receive an upfront payment and is eligible for development, regulatory, and commercial milestone payments, with specifics not disclosed. The non-exclusive grant means Biocytogen retains the right to license the same molecule to additional parties.