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Bioasis Technologies forms 'exciting' licensing agreement with Chiesi Global Rare Diseases

Bioasis Technologies Inc (CVE:BTI) (OTCQB:BIOAF) CEO Deborah Rathjen tells Proactive the Canada-based firm and Italy-based Chiesi Global Rare Diseases have entered into a licensing agreement for Bioasis’ xB3 BBB platform technology to treat rare diseases with a focus on four undisclosed lysosomal storage disorders (LSDs).

Rathjen says under the terms of the agreement, international research-focused healthcare firm Chiesi Group, the parent of Chiesi Global Rare Diseases, will pay Bioasis an upfront payment of US$3 million.

Quick facts: Bioasis Technologies Inc.

Price: 0.285 USD

OTCQB:BIOAF
Market: OTCQB
Market Cap: $18.12 m
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