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Heidelberg Pharma and Huadong Medicine have entered into a strategic partnership, granting Huadong exclusive rights to develop HDP-101 and HDP-103 in Asia, potentially valued at up to USD 930 million. Huadong will invest EUR 105 million, becoming the second largest shareholder, while Heidelberg plans a rights issue of EUR 80 million. The partnership aims to accelerate product development of ADC therapies in Asia and enhance commercialization capabilities. Key financial metrics include a USD 20 million upfront payment and milestone payments up to USD 449 million for HDP-101 and HDP-103.
