Shield Therapeutics will get $7.9 million when its Chinese partner applies to sell a drug.

Shield Therapeutics ㄐㄧㄤㄘㄨㄥˊㄑㄧˊㄓㄨㄥ ㄍㄨㄛˊㄏㄜˊ ㄗㄨㄛˋㄏㄜˊ ㄅㄢˋㄅㄟˇ ㄐㄧㄥㄠˋㄙㄞˋㄎㄤㄧㄠˋㄧㄝˋ有限公ㄧㄡˇ ㄒㄧㄢˋ ㄍㄨㄥ ㄙ(ASK)ㄏㄨㄛˋㄉㄜˊㄅㄧˇㄓㄨㄥˋㄉㄚˋㄉㄜ˙ㄊㄧˊㄓㄣˋㄐㄧˊㄅㄧˇ790ㄨㄢˋㄇㄟˇ ㄩㄢˊㄉㄜ˙ㄌㄧˇ ㄔㄥˊㄅㄟㄈㄨˋ ㄎㄨㄢˇ

Shield Therapeutics is set to receive a significant boost, a $7.9 million milestone payment, from its Chinese partner, Beijing Aosaikang Pharmaceutical Co.

ㄓㄜˋㄅㄧˇㄎㄨㄢˇㄒㄧㄤˋㄉㄜ˙ㄔㄨˋㄈㄚㄕˋㄧㄣㄨㄟˋASKㄐㄧˋㄏㄨㄚˋㄗㄞˋㄓㄨㄥ ㄍㄨㄛˊㄊㄧˊ ㄐㄧㄠACCURFeR(ㄓㄨㄥˇㄑㄩㄝㄊㄧㄝˇㄓㄥˋㄧㄠˋㄨˋㄉㄜ˙ㄕㄤˋ ㄕˋㄒㄩˇ ㄎㄜˇㄕㄣ ㄑㄧㄥˇ

Ltd (ASK).

ㄩˋ ㄐㄧˋㄐㄧㄤㄩˊ2026ㄋㄧㄢˊㄉㄧˋㄐㄧˋㄒㄧㄤˋㄓㄨㄥ ㄍㄨㄛˊㄍㄨㄛˊ ㄐㄧㄚㄧㄠˋㄆㄧㄣˇㄐㄧㄢ ㄉㄨㄍㄨㄢˇ ㄌㄧˇㄐㄩˊ(NMPA)ㄊㄧˊㄐㄧㄠㄍㄞㄕㄣ ㄑㄧㄥˇ

This payment is triggered by ASK's plan to submit a marketing authorization application for ACCRUFeR, an iron deficiency drug, in China.

ㄓㄨㄥˋㄧㄠˋㄉㄜ˙ㄕˋㄘˇㄕㄣ ㄑㄧㄥˇㄐㄧㄤㄅㄠㄎㄨㄛˋㄌㄞˊ ㄗˋShield第ㄉㄧˋ ㄙㄢㄑㄧˊㄌㄧㄣˊ ㄔㄨㄤˊㄕˋㄧㄢˋㄉㄜ˙ㄦˊㄎㄜㄕㄨˋㄐㄩˋㄍㄞㄕㄨˋㄐㄩˋㄗㄥㄅㄤㄓㄨˋACCURFeRㄏㄨㄛˋㄉㄜˊㄇㄟˇㄍㄨㄛˊFDAㄆㄧㄓㄨㄣㄩㄥˋ ㄩˊ10ㄙㄨㄟˋㄐㄧˊㄧˇㄕㄤˋㄦˊㄊㄨㄥˊ

The filing with the China National Medical Products Administration (NMPA) is anticipated in the first quarter of 2026.

ㄓㄜˋㄅㄧˇ790ㄨㄢˋㄇㄟˇ ㄩㄢˊㄉㄜ˙ㄎㄨㄢˇㄒㄧㄤˋㄩˋ ㄐㄧˋㄐㄧㄤㄩˊ2026ㄋㄧㄢˊ1ㄩㄝˋ31ㄖˋㄑㄧㄢˊㄉㄠˋㄓㄤˋ

Importantly, this application will include pediatric data from Shield's Phase 3 clinical trials, which previously helped secure US FDA approval for children aged 10 and older.

Shield Therapeuticsㄐㄧˋㄏㄨㄚˋㄌㄧˋㄩㄥˋㄓㄜˋㄒㄧㄝㄐㄧㄣㄐㄧㄝˊㄙㄨㄢˋㄅㄧㄥˋㄓㄨㄥ ㄓˇㄑㄧˊAOP里ㄌㄧˇ ㄔㄥˊㄅㄟㄏㄨㄛˋㄅㄧˋㄏㄨㄚˋㄒㄧㄝˊㄧˋ

The $7.9 million is expected by January 31, 2026.

ㄓㄜˋㄓㄢˋㄌㄩㄝˋㄐㄩˇㄘㄨㄛˋㄓˇㄗㄞˋㄐㄧㄢˇㄏㄨㄚˋShieldㄉㄜ˙ㄅㄣˇㄐㄧㄝˊㄍㄡˋㄅㄧㄥˋㄍㄞˇㄕㄢˋㄑㄧˊㄘㄞˊㄨˋㄓㄨㄤˋㄎㄨㄤˋ

Shield Therapeutics intends to use these funds to settle and terminate its AOP Milestone Monetisation Agreement.

2020ㄋㄧㄢˊㄉㄜ˙ㄩㄢˊㄕˇㄕㄡˋ ㄑㄩㄢˊㄒㄧㄝˊㄧˋㄏㄢˊㄍㄞˋㄌㄜ˙ACCURFeRㄗㄞˋㄓㄨㄥ ㄍㄨㄛˊㄒㄧㄤㄍㄤˇㄠˋㄇㄣˊㄏㄢˋㄊㄞˊㄨㄢㄉㄜ˙ㄎㄞㄈㄚㄏㄢˋㄕㄤㄧㄝˋㄏㄨㄚˋ

This strategic move aims to simplify Shield's capital structure and improve its financial health.

ㄒㄧㄡㄉㄧㄥˋㄏㄡˋㄉㄜ˙ㄒㄧㄝˊㄧˋㄏㄞˊㄍㄨㄟㄉㄧㄥˋㄌㄜ˙ㄑㄧㄢˊㄗㄞˋㄉㄜ˙ㄜˊㄨㄞˋㄌㄧˇ ㄔㄥˊㄅㄟㄏㄢˋㄍㄠㄉㄚˊ10%ㄉㄜ˙ㄐㄧㄥˋㄒㄧㄠㄕㄡˋㄜˊㄅㄢˇㄕㄨㄟˋㄑㄩˇㄉㄞˋㄌㄜ˙ㄗㄠˇㄑㄧˊㄅㄧˇㄐㄧㄠˋㄉㄚˋㄉㄜ˙ㄌㄧˇ ㄔㄥˊㄅㄟ

The original 2020 licensing deal covered ACCRUFeR's development and commercialization across China, Hong Kong, Macau, and Taiwan.

ACCURFeRㄖㄥˊㄖㄢˊㄕˋㄓㄨㄥˇㄔㄨㄤˋㄒㄧㄣㄉㄜ˙ㄓˋㄌㄧㄠˊㄈㄤㄈㄚㄓㄨㄢㄌㄧˋㄅㄠˇㄏㄨˋㄑㄧˊㄐㄧㄤㄔˊㄒㄩˋㄉㄠˋ2030ㄋㄧㄢˊㄉㄞˋㄓㄨㄥㄑㄧˊ

The revised agreement also outlines potential additional milestones and royalties up to 10% on net sales, replacing an earlier, larger milestone.

🎉

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Comprehension Questions

ㄕㄣˊ ㄇㄜ˙ㄕˋㄐㄧㄢˋㄔㄨˋㄈㄚㄌㄜ˙ㄒㄧㄤˋShield Therapeuticsㄈㄨˋ790ㄨㄢˋㄇㄟˇ ㄩㄢˊㄉㄜ˙ㄎㄨㄢˇㄒㄧㄤˋ

Correct Choice

ASK在中國提交ACCURFeR的上市許可申請。

ㄧㄠˋㄨˋACCURFeRㄉㄜ˙ㄓㄨˇㄧㄠˋㄩㄥˋㄊㄨˊㄕˋㄕㄣˊㄇㄜ˙

Correct Choice

治療缺鐵症。

ㄅㄟˇ ㄐㄧㄥㄠˋㄙㄞˋㄎㄤㄧㄠˋㄧㄝˋ有限公ㄧㄡˇ ㄒㄧㄢˋ ㄍㄨㄥ ㄙ(ASK)預ㄩˋ ㄐㄧˋㄏㄜˊㄕˊㄗㄞˋㄓㄨㄥ ㄍㄨㄛˊㄊㄧˊㄐㄧㄠㄕㄤˋ ㄕˋㄒㄩˇ ㄎㄜˇㄕㄣ ㄑㄧㄥˇ

Correct Choice

在2026年第一季。

Shield Therapeuticsㄐㄧˋㄏㄨㄚˋㄖㄨˊㄏㄜˊ使ㄕˇㄩㄥˋㄓㄜˋㄅㄧˇ790ㄨㄢˋㄇㄟˇ ㄩㄢˊㄉㄜ˙ㄎㄨㄢˇㄒㄧㄤˋ

Correct Choice

結算並終止其AOP里程碑貨幣化協議。

Shieldㄌㄧㄣˊㄔㄨㄤˊㄕˋㄧㄢˋㄓㄨㄥㄉㄜ˙ㄋㄚˇㄒㄧㄝㄊㄜˋㄉㄧㄥˋㄕㄨˋㄐㄩˋㄐㄧㄤㄅㄟˋㄋㄚˋㄖㄨˋASKㄉㄜ˙ㄓㄨㄥ ㄍㄨㄛˊㄕㄣㄑㄧㄥˇㄓㄨㄥ

Correct Choice

兒科數據。

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