HUYA Bioscience International Establishes Strategic Partnershi…

HUYA Bioscience International, a leader in globalizing China’s
biopharmaceutical innovation, today announced a strategic partnership with
the School of Medicine and Pharmacy, Ocean University of China. The agreement
is another in a series of collaborations that HUYA has established with
China’s leading research and development institutions to enable and
accelerate the global development and commercialization of novel
biopharmaceutical product opportunities originating in China.

HUYA is one of the first companies to have recognized China’s potential
to help meet the global need for new pre-clinical and clinical stage
compounds. The agreement with Ocean University of China provides HUYA with
rights of first review and negotiation relating to certain novel therapeutic
and diagnostic product candidates owned or controlled by the University. In
return, Ocean University of China gains access to HUYA’s global network of
pharmaceutical partners and its expertise in pre-clinical and clinical
development.

"Ocean University is one of China’s leading institutions, with
considerable expertise in the field of marine pharmaceutical science," said
Michael Newman, Ph.D., Executive Vice President of Oncology at HUYA
Bioscience. "We look forward to collaborating with this prestigious
university to bring novel biopharmaceutical products to the global
marketplace."

"Ocean University is committed to strengthening its research programs in
marine pharmaceutical science," said Qiangming Wu, Ph.D., Executive Dean,
School of Medicine and Pharmacy, Ocean University of China. "We are pleased
to partner with HUYA’s expert team to achieve this objective."

ABOUT HUYA
HUYA is the leader in global pharmaceutical co-development with China.
With six strategic offices in China, the broadest Chinese compound portfolio,
and more exclusive agreements with premier Chinese biotech centers than any
other company, HUYA has pioneered the most innovative and productive approach
to pharmaceutical co-development between the U.S. and China. HUYA has joint
headquarter offices in San Diego, CA, and Shanghai. Additional information
about the company is available at www.huyabio.com.

ABOUT OCEAN UNIVERSITY OF CHINA
Ocean University of China, located in Qingdao, is one of the top
universities in China. It is considered a leader in research in the area of
marine pharmaceutical science, and has received numerous awards for its work.
The University has undertaken a large number of research papers and made
great contributions to the construction of the marine-based economy of
Shandong Province, including projects such as the seawater aquaculture. Ocean
University has been ranked No. 8 in terms of the number of prizes won for
science and technology advancement awarded by the Ministry of Education. For
more information visit www.ouc.edu.cn/english.

CONTACT:

USA:
Bob Giargiari, MBA, EVP Finance & CFO
HUYA Bioscience International, LLC
(858) 798-8800
bgiargiari@huyabio.com

China:
Qing (Vicky) Xia, Scientific Research Manager
HUYA Bioscience International, LLC
86 (21) 51323312
vxia@huyabio.com

Media Contact:
Juliet Travis
(510) 452-3771
juliet@travispr.com

SOURCE: HUYA Bioscience International

CONTACT: USA: Bob Giargiari, MBA, EVP Finance & CFO,
+1-858-798-8800,
bgiargiari@huyabio.com, or

China: Qing (Vicky) Xia, Scientific Research Manager,
+86 (21) 51323312,
vxia@huyabio.com,
both of HUYA Bioscience International, LLC; or

Media: Juliet Travis for HUYA Bioscience International, LLC,
+1-510-452-3771,
juliet@travispr.com