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September 09, 2025

Qilu Pharmaceutical invests heavily in an innovative microsphere product

Qilu Pharmaceutical and InnoBM Pharmaceuticals have reached an agreement to jointly advance the development of BM601, a metallic embolization microsphere product for TACE treatment of liver cancer. Under the terms of the agreement, Biomay Biotech will receive milestone payments totaling over RMB 200 million, along with additional sales royalties and overseas revenue sharing.