Haisco Enters into Exclusive License Agreement with AbbVie to Develop Novel Medicines for Pain

Haisco Pharmaceutical Group Co., Ltd. announced that it has entered into an exclusive licensing agreement with AbbVie, a global biopharmaceutical company. Under the agreement, Haisco grants AbbVie the exclusive rights to develop, manufacture, and commercialize novel medicines for the treatment of pain globally, excluding mainland China, Hong Kong, and Macau.

"This collaboration is highly aligned with our international development strategy and is expected to generate sustainable value and long-term returns," said Dr. Pangke Yan, chief executive officer of Haisco. "By partnering with a global biopharmaceutical leader such as AbbVie, Haisco aims to accelerate the global development of innovative pain therapies and deliver high-quality treatment options to patients worldwide."

The collaboration strengthens Haisco's global presence and pipeline by leveraging AbbVie's development and commercialization capabilities, as well as its recognized expertise in neuroscience.