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Jingtai Technology: Signed a pipeline cooperation agreement with DoveTree with a total order scale of approximately HKD 47 billion.
Jin10 Data August 6th - On August 5th, Crystal Technology (02228.HK) announced the completion of a pipeline cooperation contract with DoveTree, with a total order scale of approximately HKD 47 billion (USD 5.99 billion), and has received an initial payment of approximately HKD 400 million (USD 51 million) as stipulated in the agreement. According to the terms of the agreement, Crystal Technology and DoveTree have reached a collaboration on several preclinical-stage large and small molecule innovative drug assets, and will conduct new drug research and development targeting a series of DoveTree designated targets. DoveTree exclusively enjoys the global exclusive development and commercialization rights for the related drugs. In return, in addition to the initial payment, Crystal Technology is also entitled to receive approximately HKD 385 million (USD 49 million) in further payments, as well as potential milestone payments and sales shares amounting to approximately HKD 46.2 billion (USD 5.89 billion). This cooperation sets a precedent for AI + machine.