ARIXASEAN (Association of Southeast Asian Nations) Regional Internet Exchange (technology improvement project)
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Joe Anderson, Chief Executive Officer of Arix Bioscience plc, commented: This agreement brings together Ipsens deep expertise in drug development and commercialization with Arixs proven capacity to identify new opportunities and build companies to develop innovative new therapies in areas of high unmet medical need.
By building this relationship with Arix, we can benefit from Arixs leading networks, advisors and businesses and can support these in turn with our R&D and commercialisation capabilities and expertise.
In turn, Fosun will share potential investment opportunities in China and will have a potential opportunity to promote its services as exclusive distribution partner in China for Arixs Group Businesses.
Through this agreement we will bring together Fosuns wealth of experience in the China market with Arixs experience in growing companies to develop innovative new therapies and build value.
Arix Bioscience invested 10m in the Series B financing of Autolus in March 2016, with Joe Anderson, Arixs CEO, joining the Autolus Board of Directors.