Jyong Biotech Signs MoU With South Korean Pharmaceutical Company To Review, Evaluate Licensing, Development Of Jyong Biotech's Plant-Derived New Drug MCS-2

Benzinga Newsdesk 11 months ago

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Jyong Biotech Ltd. (Nasdaq: MENS) (the "Company" or "Jyong Biotech"), a science-driven biotechnology company based in Taiwan committed to developing and commercializing innovative and differentiated new drugs

Jyong Biotech Ltd. (Nasdaq: MENS) (the "Company" or "Jyong Biotech"), a science-driven biotechnology company based in Taiwan committed to developing and commercializing innovative and differentiated new drugs (plant-derived) mainly specializing in the treatment of urinary system diseases, with an initial focus on the markets of the U.S., the EU and Asia, today announced that the Company has entered into a non‑binding letter of intent (the "LOI") with a South Korean pharmaceutical company to review and evaluate the potential in‑licensing and development of Jyong Biotech's plant-derived new drug MCS-2for the Korean market. The prospective partner is a recognized supplier to both general hospitals and clinics, and the LOI reflects mutual interest in assessing commercial and regulatory pathways for introducing MCS products in Korea.

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