{"id":758593,"date":"2023-05-12T17:28:30","date_gmt":"2023-05-12T21:28:30","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/aligos-therapeutics-announces-research-collaboration-and-development-agreement-with-xiamen-amoytop-biotech-co-ltd-for-use-of-aligos-oligonucleotide-platform-for-the-treatment-of-liver-disea\/"},"modified":"2023-05-12T17:28:30","modified_gmt":"2023-05-12T21:28:30","slug":"aligos-therapeutics-announces-research-collaboration-and-development-agreement-with-xiamen-amoytop-biotech-co-ltd-for-use-of-aligos-oligonucleotide-platform-for-the-treatment-of-liver-disea","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/aligos-therapeutics-announces-research-collaboration-and-development-agreement-with-xiamen-amoytop-biotech-co-ltd-for-use-of-aligos-oligonucleotide-platform-for-the-treatment-of-liver-disea\/","title":{"rendered":"Aligos Therapeutics Announces Research Collaboration and Development Agreement with Xiamen Amoytop Biotech Co. Ltd. for Use of Aligos\u2019 Oligonucleotide Platform for the Treatment of Liver Diseases"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">SOUTH SAN FRANCISCO, Calif., May  12, 2023  (GLOBE NEWSWIRE) &#8212; Aligos Therapeutics, Inc. (Nasdaq: ALGS, \u201cAligos\u201d, the \u201cCompany\u201d), a clinical stage biopharmaceutical company focused on developing novel therapeutics to address unmet medical needs in liver and viral diseases, today announced that it has entered into a research collaboration and development agreement with Xiamen Amoytop Biotech Co. Ltd. (\u201cAmoytop\u201d) for the use of Aligos\u2019 oligonucleotide platform to discover, research and develop oligonucleotides for the treatment of liver diseases in the Greater China territory.<\/p>\n<p align=\"justify\">Under the terms of the agreement, Aligos and Amoytop will collaborate on the research and development of oligonucleotide compounds for the treatment of liver diseases. Amoytop will receive an option to obtain an exclusive license to develop and commercialize the resultant products in the Greater China territory while Aligos will retain rest-of-world rights. Aligos will also receive an upfront payment and research collaboration funding and be eligible to receive up to a total of $109 million in development and sales milestone payments for licensed products as well as tiered royalties on net sales.\u00a0<\/p>\n<p align=\"justify\">\u201cWe are pleased to begin our collaboration with Amoytop, a leading Chinese domestic pharmaceutical company developing innovative therapies for liver diseases,\u201d said Lawrence Blatt, Ph.D., MBA, Chairman &amp; CEO of Aligos. \u201cOur team has remained committed to developing drug candidates with the potential to improve the lives of patients living with viral and liver diseases, and we believe this research collaboration will help us to move closer to achieving that goal.\u201d<\/p>\n<p align=\"justify\">Sun Li, Chairman &amp; CEO at Amoytop added, \u201cWe believe Aligos\u2019 oligonucleotide platform has the potential to help our teams discover and develop novel candidates for liver diseases in China. We look forward to working together to advance new treatment options for patients in need.\u201d<\/p>\n<p align=\"justify\">\n        <strong>About Aligos<\/strong><br \/>\n        <br \/>Aligos Therapeutics, Inc. is a clinical stage biopharmaceutical company that was founded in 2018 with the mission to become a world leader in the treatment of liver diseases and viral infections. Aligos\u2019 strategy is to harness the deep expertise and decades of drug development experience its team has in liver and viral diseases to discover and develop potentially best in class therapeutics for nonalcoholic steatohepatitis (NASH) and viruses with high unmet medical need such as coronaviruses and chronic hepatitis B (CHB).<\/p>\n<p align=\"justify\">\n        <strong>Forward-Looking Statement <\/strong><br \/>\n        <br \/>This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Any statements in this press release that are not historical facts may be considered \u201cforward-looking statements\u201d, including without limitation, statements around the possibility of receiving up to a total of $109 million in development and sales milestone payments for licensed products as well as tiered royalties on net sales, Aligos\u2019 belief that the research collaboration will help the Aligos team move closer to achieving the goal of developing drug candidates with the potential to improve lives of patients living with viral and liver diseases and the belief that Aligos\u2019 oligonucleotide platform has the potential to help discover and develop novel candidates for liver diseases in China. Forward-looking statements are typically, but not always, identified by the use of words such as \u201cmay,\u201d \u201cwill,\u201d \u201cwould,\u201d \u201cbelieve,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201canticipate,\u201d \u201cestimate,\u201d \u201cexpect,\u201d and other similar terminology indicating future results. Such forward looking statements are subject to substantial risks and uncertainties that could cause our development programs, future results, performance, or achievements to differ materially from those anticipated in the forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties inherent in the drug development process, including Aligos\u2019 clinical-stage of development, the process of designing and conducting clinical trials, the regulatory approval processes, the timing of regulatory filings, the challenges associated with manufacturing drug products, Aligos\u2019 ability to successfully establish, protect and defend its intellectual property, and other matters that could affect the sufficiency of Aligos\u2019 capital resources to fund operations. For a further description of the risks and uncertainties that could cause actual results to differ from those anticipated in these forward-looking statements, as well as risks relating to the business of Aligos in general, see Aligos\u2019 Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 4, 2023 and its future periodic reports to be filed with or submitted to the Securities and Exchange Commission. Except as required by law, Aligos undertakes no obligation to update any forward-looking statements to reflect new information, events or circumstances, or to reflect the occurrence of unanticipated events.<\/p>\n<p align=\"justify\">\n        <strong>Media Contact<\/strong><br \/>\n        <br \/>Amy Jobe, Ph.D.<br \/>LifeSci Communications<br \/>+1 315 879 8192<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=FveWDHjjehKcuKM3umncME3FVD0pvig4E68JcKiq4b8HpLgblYQeSOAxR33DSUitvIrare3cyaQjVYNt4-YsOLeah7MQpWzyrz1lq6xjpB0=\" rel=\"nofollow noopener\" target=\"_blank\">ajobe@lifescicomms.com<\/a><\/p>\n<p align=\"justify\">\n        <strong>Investor Contact<\/strong><br \/>\n        <br \/>Corey Davis, Ph.D.<br \/>LifeSci Advisors<br \/>+1 212 915 2577<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=8Lq2q47cMKj1cphpTlI1EkpKvUV0BjeTkPwlAR_LZYiAWcRbWJtx7NFYkn81WHdtGSDMUvKy8vlwXy-4i4HS3cU43mO8PNEo7XPxF4fCma3SncjU04iz3pHTuT-2G5N2\" rel=\"nofollow noopener\" target=\"_blank\">cdavis@lifesciadvisors.com<\/a><\/p>\n<p align=\"justify\">\n        \n      <\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgzODY0OCM1NTkzMjM2IzIyMDM5MTY=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/Y2MxYTRmOTQtM2I0YS00OTBmLTlhZWYtZjExNjZkOGNkNTY4LTEyMTU0Njk=\/tiny\/Aligos-Therapeutics.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SOUTH SAN FRANCISCO, Calif., May 12, 2023 (GLOBE NEWSWIRE) &#8212; Aligos Therapeutics, Inc. (Nasdaq: ALGS, \u201cAligos\u201d, the \u201cCompany\u201d), a clinical stage biopharmaceutical company focused on developing novel therapeutics to address unmet medical needs in liver and viral diseases, today announced that it has entered into a research collaboration and development agreement with Xiamen Amoytop Biotech Co. Ltd. (\u201cAmoytop\u201d) for the use of Aligos\u2019 oligonucleotide platform to discover, research and develop oligonucleotides for the treatment of liver diseases in the Greater China territory. Under the terms of the agreement, Aligos and Amoytop will collaborate on the research and development of oligonucleotide compounds for the treatment of liver diseases. Amoytop will receive an option to obtain an exclusive license to develop and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/aligos-therapeutics-announces-research-collaboration-and-development-agreement-with-xiamen-amoytop-biotech-co-ltd-for-use-of-aligos-oligonucleotide-platform-for-the-treatment-of-liver-disea\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Aligos Therapeutics Announces Research Collaboration and Development Agreement with Xiamen Amoytop Biotech Co. Ltd. for Use of Aligos\u2019 Oligonucleotide Platform for the Treatment of Liver Diseases&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-758593","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Aligos Therapeutics Announces Research Collaboration and Development Agreement with Xiamen Amoytop Biotech Co. Ltd. for Use of Aligos\u2019 Oligonucleotide Platform for the Treatment of Liver Diseases - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/aligos-therapeutics-announces-research-collaboration-and-development-agreement-with-xiamen-amoytop-biotech-co-ltd-for-use-of-aligos-oligonucleotide-platform-for-the-treatment-of-liver-disea\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aligos Therapeutics Announces Research Collaboration and Development Agreement with Xiamen Amoytop Biotech Co. Ltd. for Use of Aligos\u2019 Oligonucleotide Platform for the Treatment of Liver Diseases - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SOUTH SAN FRANCISCO, Calif., May 12, 2023 (GLOBE NEWSWIRE) &#8212; Aligos Therapeutics, Inc. (Nasdaq: ALGS, \u201cAligos\u201d, the \u201cCompany\u201d), a clinical stage biopharmaceutical company focused on developing novel therapeutics to address unmet medical needs in liver and viral diseases, today announced that it has entered into a research collaboration and development agreement with Xiamen Amoytop Biotech Co. Ltd. (\u201cAmoytop\u201d) for the use of Aligos\u2019 oligonucleotide platform to discover, research and develop oligonucleotides for the treatment of liver diseases in the Greater China territory. Under the terms of the agreement, Aligos and Amoytop will collaborate on the research and development of oligonucleotide compounds for the treatment of liver diseases. Amoytop will receive an option to obtain an exclusive license to develop and &hellip; Continue reading &quot;Aligos Therapeutics Announces Research Collaboration and Development Agreement with Xiamen Amoytop Biotech Co. Ltd. for Use of Aligos\u2019 Oligonucleotide Platform for the Treatment of Liver Diseases&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/aligos-therapeutics-announces-research-collaboration-and-development-agreement-with-xiamen-amoytop-biotech-co-ltd-for-use-of-aligos-oligonucleotide-platform-for-the-treatment-of-liver-disea\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-12T21:28:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgzODY0OCM1NTkzMjM2IzIyMDM5MTY=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/aligos-therapeutics-announces-research-collaboration-and-development-agreement-with-xiamen-amoytop-biotech-co-ltd-for-use-of-aligos-oligonucleotide-platform-for-the-treatment-of-liver-disea\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/aligos-therapeutics-announces-research-collaboration-and-development-agreement-with-xiamen-amoytop-biotech-co-ltd-for-use-of-aligos-oligonucleotide-platform-for-the-treatment-of-liver-disea\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Aligos Therapeutics Announces Research Collaboration and Development Agreement with Xiamen Amoytop Biotech Co. 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(Nasdaq: ALGS, \u201cAligos\u201d, the \u201cCompany\u201d), a clinical stage biopharmaceutical company focused on developing novel therapeutics to address unmet medical needs in liver and viral diseases, today announced that it has entered into a research collaboration and development agreement with Xiamen Amoytop Biotech Co. Ltd. (\u201cAmoytop\u201d) for the use of Aligos\u2019 oligonucleotide platform to discover, research and develop oligonucleotides for the treatment of liver diseases in the Greater China territory. Under the terms of the agreement, Aligos and Amoytop will collaborate on the research and development of oligonucleotide compounds for the treatment of liver diseases. Amoytop will receive an option to obtain an exclusive license to develop and &hellip; Continue reading \"Aligos Therapeutics Announces Research Collaboration and Development Agreement with Xiamen Amoytop Biotech Co. 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