Athersys Inc. extends agreement with Healios for a license to MultiStem therapy for indications in China

Cleveland biotechnology company Athersys Inc. (Nasdaq: ATHX) is extending its time horizon for working with Japanese drugmaker Healios K.K. on a key project in China.

Athersys announced in a news release on Monday, Dec. 17, that it has extended Healios’ exclusive period to negotiate an option that would allow the Japanese company to obtain a license for the development and commercialization of Athersys’ MultiStem therapy for certain indications in China.

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Story excerpt provided by Crain’s Cleveland Business.

Written by Scott Suttell.

Originally published December 17, 2018.