Celyad Announces Commercial License Agreement for C-Cure® in Greater China

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UBS Reiterates Buy on Celyad SA (CYAD) Following Announced Collaboration with Medisun

September 1, 2015 10:08 AM EDT

UBS reiterated a Buy rating and $79.00 price target on Celyad SA (NASDAQ: CYAD) following the announced strategic collaboration and distribution agreement with Medisun. Analyst Andrew Peters believes that the agreement opens the door to a potentially large and underserved market opportunity.

Peters... More

Celyad SA (CYAD), Medisun Enter Collaboration in China

August 31, 2015 6:26 AM EDT

Celyad SA (NASDAQ: CYAD) announced that it has entered into a new collaboration and distribution agreement with its Hong-Kong based partner, Medisun International Limited ("Medisun"). This license agreement confirms Celyad's intention to expand the global footprint of its lead cardiac disease cell therapy candidate for the treatment of ischemic heart failure, C-Cure®.

Under the terms of the new license agreement, Celyad will conduct all clinical development and undertake any regulatory steps necessary for market approval in China, Hong-Kong, Taiwan and Macau (collectively "Greater China"). With a minimum of 20 million, these activities will be funded... More