The Zhitong Finance App learned that Jitai Technology-P (07666) opened more than 6% higher. As of press release, it had risen 6.46% to HK$12.69, with a turnover of HK$2,316,800.

According to the news, on October 19, Jietai Technology issued an announcement stating that it has reached a strategic cooperation with Eli Lilly to focus on novel lipid nanoparticle (LNP) delivery solutions for tissue-specific delivery of therapeutic methods. Jietai Technology will use aILNP, its proprietary AI-driven ionizable lipid discovery and optimization platform, to develop a next-generation delivery technology with the potential to improve the targeting and biological distribution of LNP delivery.

According to the terms of the agreement, Jietai Technology will collect a down payment of more than 10 million US dollars and is eligible to receive development, regulatory and commercial milestone payments totaling up to about 1.1 billion US dollars. In addition, Jietai Technology will also be eligible to receive a single-digit percentage tiered royalty based on the annual net sales of products generated by the cooperation.

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