If you did some more research, you will find that they are far from a 'nothing company' and SK Pharma Group turn over approximately $25mil a year. K.S. Kim International turn over around $3mil from what I could find.
Here are their websites:
https://sk-pharma.com/
https://ks-kim.sk-pharma.com/
Roby also posted this article (have to register):
https://www.lexology.com/library/de...zoJ-TXapk9IVuCyYLn-FUChIFc6MkPambAaohDtjfnpus
"Under these unusual and dramatic circumstances, and as a similarly unusual measure, the Minister of health, Mr. Yaacov Litzman, today exercised his power under sections
104 and 105 of the Israeli Patents Law, 1967, and permitted the exploitation of the KALETRA Patents by the Ministry of Health's Emergency Department and a private
company, K.S. Kim International."
The deal probably doesn't mean much right now, but it has potential. At the end of the day, if ArtemiC fails the trials, then the deal is probably dead.
I find it interesting that they signed this distribution deal with a large company when Phase II trials have only just commenced? Maybe they have already seen the effects from previous tests of ArtemiC and are confident in its success ..
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- Ann: Binding Term Sheet Signed for Distribution of ArtemiC
Ann: Binding Term Sheet Signed for Distribution of ArtemiC, page-24
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