On January 19, 2015 Eleison Pharmaceuticals, Inc. ("Eleison"), a specialty pharmaceutical company developing life-saving therapeutics for rare cancers, reported a partnership with Intelgen (HK) Limited ("Intelgen") to develop and commercialize the lung cancer drug candidate ILC (Inhaled Lipid-complexed Cisplatin) for the Chinese market (Press release, Eleison Pharmaceuticals, JAN 19, 2015, View Source [SID1234517398]). Mr. Edwin Thomas, CEO of Eleison Pharmaceuticals commented, "We are highly pleased to have as a partner Intelgen, an emerging pharmaceutical company in China and ideally capable of developing and commercializing ILC." Ms. Lan Zou, President and CEO of Intelgen commented, "ILC is potentially an important new treatment for lung cancer, and we look forward to working with Eleison to develop ILC for the benefit of patients with few therapeutic options." Under the terms of the partnership agreement, Intelgen received exclusive marketing rights in China and will be responsible for marketing and distribution of ILC in the China market. Eleison and Intelgen will work cooperatively for the clinical development and regulatory approval of ILC in China. Eleison has received an up-front payment, and will receive royalties, milestone payments, and development support from Intelgen.

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