Transcenta (HKG:6628) received a 7 million yuan milestone payment tied to the out-licensing of its highly intensified continuous bioprocessing platform, according to a Tuesday Hong Kong bourse filing.
Shares of the biopharmaceutical company were down over 7% in late morning trade on Wednesday.
The payment followed progress under the company's collaboration and non-exclusive licensing agreement with EirGenix (TPE:6589).
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