Baotai: Signed BAT2406 licensing and commercialization protocol with SteinCares, with a maximum amount of 10 million USD.
BACTech and SteinCares have signed a protocol granting Stein exclusive commercialization rights for BAT2406 injection in the Brazilian and Latin American markets, with a total amount of up to 10 million USD. After the protocol takes effect, BACTech will receive revenue sharing based on sales, which is expected to have a positive impact on the company's future performance.