ABVC BioPharma, Inc., a clinical-stage biopharmaceutical company, has announced the receipt of a $100,000 milestone payment from OncoX BioPharma, Inc., marking a significant step in their strategic licensing agreement initiated in 2024. This payment brings the total licensing revenue for ABVC and its subsidiaries to $1.046 million, highlighting the commercial viability and potential of their oncology platform. The collaboration between ABVC and OncoX is focused on the development and global commercialization of botanical therapeutics in oncology, with the aim of introducing novel treatments to the market.

Dr. Uttam Patil, ABVC’s Chief Executive Officer, emphasized the importance of this milestone payment as a validation of the company’s late-stage oncology platform and its potential to open new product and market opportunities. Similarly, Yen Wen Pin, CEO of OncoX BioPharma, expressed enthusiasm for the next phase of collaboration, viewing the payment as an investment in long-term innovation and the expansion of oncology development programs.

The strategic partnership between ABVC and OncoX extends beyond the original licensing agreement, encompassing joint business development initiatives aimed at enhancing product lines and diversifying markets. This collaboration is expected to drive future regulatory filings and commercialization opportunities in the oncology sector, supported by the growing global cancer therapeutics market, projected to reach $393.61 billion by 2032.

ABVC BioPharma’s product pipeline, including its botanical oncology platform, is positioned to capitalize on this market growth, with the OncoX agreement playing a pivotal role in advancing preclinical programs with promising efficacy data. The partnership not only reinforces ABVC’s 2025 financial guidance but also underscores the potential of botanical-based treatments in addressing the global demand for innovative cancer therapies.

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