0001213900-24-025793.txt : 20240326 0001213900-24-025793.hdr.sgml : 20240326 20240326083551 ACCESSION NUMBER: 0001213900-24-025793 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20240326 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240326 DATE AS OF CHANGE: 20240326 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ABVC BIOPHARMA, INC. CENTRAL INDEX KEY: 0001173313 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] ORGANIZATION NAME: 03 Life Sciences IRS NUMBER: 260014658 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-40700 FILM NUMBER: 24781035 BUSINESS ADDRESS: STREET 1: 44370 OLD WARM SPRINGS BLVD. CITY: FREMONT STATE: CA ZIP: 94538 BUSINESS PHONE: 510-668-0881 MAIL ADDRESS: STREET 1: 44370 OLD WARM SPRINGS BLVD. CITY: FREMONT STATE: CA ZIP: 94538 FORMER COMPANY: FORMER CONFORMED NAME: American BriVision (Holding) Corp DATE OF NAME CHANGE: 20160111 FORMER COMPANY: FORMER CONFORMED NAME: METU BRANDS, INC. DATE OF NAME CHANGE: 20150908 FORMER COMPANY: FORMER CONFORMED NAME: ECOLOGY COATINGS, INC. DATE OF NAME CHANGE: 20080821 8-K 1 ea0202575-8k_abvcbio.htm CURRENT REPORT
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): March 26, 2024

 

ABVC BIOPHARMA, INC.

(Exact name of registrant as specified in its charter)

 

Nevada   001-40700   26-0014658
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)

 

44370 Old Warm Springs Blvd.

Fremont, CA

  94538
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number including area code: (510) 668-0881

 

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class   Trading Symbol   Name of each exchange on which registered
Common Stock, par value $0.001 per share   ABVC   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b–2 of the Securities Exchange Act of 1934 (§ 240.12b–2 of this chapter).

 

Emerging growth company 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 1.01 Entry into Material Definitive Agreements 

 

On March 25, 2024, the Company, and one of its co-development partners, BIOFIRST CORPORATION, a company registered in Taiwan (“BIOFIRST”), each entered into a twenty-year, global definitive licensing agreement (the “Licensing Agreement”) with ForSeeCon Eye Corporation, a company registered in the British Virgin Islands (“FEYE”) for the products in the Company and BIOFIRST’s Ophthalmology pipeline, including Vitargus (the “Licensed Products”).  The license covers the Licensed Products’ clinical trial, registration, manufacturing, supply, and distribution rights; FEYE also has the rights to sublicense or partner with a third party to develop the Licensed Products.

 

As per each of the respective Agreements, each of the Company and BIOFIRST shall receive a total licensing fee of $33,500,000, composed of an upfront payment of $30,000,000, which can instead be paid with 5 million shares of FEYE stock at $6/share within 30 days after the execution of the Agreement, and a $3,500,000 cash milestone payment, due 30 days upon completion of next round fundraising. Additionally, each of the Company and BIOFIRST are eligible to receive royalties of 5% of net Sales. 

 

The foregoing descriptions of the agreements are not complete and are qualified in their entirety by reference to the full text of the agreements, copies of which are attached as Exhibit 10.1 and 10.2 to this Current Report on Form 8-K and incorporated herein by reference.

 

Item 9.01 Financial Statement and Exhibits

  

(d) Exhibits

 

Exhibit No.   Description
10.1   Definitive License Agreement between the Company and ForSeeCon Eye Corporation
10.2   Definitive License Agreement between BIOFIRST CORPORATION and ForSeeCon Eye Corporation
99.1   Press Release
104   Cover Page Interactive Data File, formatted in Inline XBRL

 

1

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  ABVC BioPharma, Inc.
   
March 26, 2024 By: /s/ Uttam Patil
    Uttam Patil
    Chief Executive Officer

 

 

2

 

 

EX-10.1 2 ea020257501ex10-1_abvcbio.htm DEFINITIVE LICENSE AGREEMENT BETWEEN THE COMPANY AND FORSEECON EYE CORPORATION

Exhibit 10.1

 

Definitive Licensing Agreement

 

This Definitive Licensing Agreement (“Agreement”) is entered into this 25 March, 2024 (the “Effective Date”) by and between:

 

(1)ABVC BioPharma, Inc., (“ABVC”) a company registered in the United States of America,

 

(2)ForSeeCon Eye Corporation (“FEYE”), a company registered in the British Virgin Islands.

 

ABVC and FEYE shall be referred to individually as a “Party” and collectively as the “Parties”.

 

WHEREAS, the parties have agreed to the Key Terms (see Exhibit A) as outlined in the Term Sheet, and now formalize their understanding in this Definitive Agreement.

 

NOW, THEREFORE, in consideration of the mutual covenants contained herein, the parties agree as follows:

 

1. Upon signing this Definitive Agreement, FEYE shall have the exclusive right, until the expiration of this agreement, to negotiate and execute a definitive licensing agreement for the licensed products with FEYE.

 

2. FEYE has the right to team with partner(s) or transfer the right to a third party to negotiate and execute a definitive licensing agreement for the licensed products with ABVC.

 

3. FEYE has satisfactorily completed a due diligence investigation of the Licensed Product.

 

4. ABVC and its Representatives shall deal exclusively with FEYE with respect to any licensing in the same scope or similar arrangement surrounding the Licensed Product.

 

IN WITNESS WHEREOF, the parties hereto have executed this Definitive Agreement as of the Effective Date.

 

 

 

 

[Signature Page]

 

ABVC BioPharma, Inc.

  ForSeeCon Eye Corporation

Authorized Signature/Seal

  Authorized Signature/Seal
     
     
Name:   Name:
Tsung Shann Jiang   Jerry Chang
Title:   Title:
CEO   CEO

 

2

 

 

Exhibit A

 

LICENSEE ForSeeCon Eye Corporation (“FEYE”)
LICENSOR ABVC BioPharma, Inc. (“ABVC”) and its affiliates
THIRD PARTY “Third Party” means a person or entity other than FEYE or ABVC or their respective affiliates.
EFFECTIVE DATE The effective dates of Definitive Agreement related to the Licensed Product that would be the result of Parties’ discussions

LICENSED PRODUCT

 

ABVC’s Ophthalmology product including Vitargus
TERRITORY Worldwide territories (50% right, the remaining 50% is to be granted by BioFirst Corporation)
GOVERNING LAW Laws of the United States
FIELD OF USE Ophthalmology products

RIGHTS GRANTED

 

ABVC shall grant to FEYE an exclusive right within the Territory license to develop and commercialize the Licensed Product in the Territory within the Field of Use.

RESPONSIBILITIES & OBLIGATIONS

 

ABVC will be responsible for conducting the clinical development of the Licensed Product outside Territory and communicating the results as part of the Product Transfer (PT), which includes delivering the Licensed Product sufficient to support the clinical studies in Territory, delivering associated documents, manufacturing protocols, QC protocols, to enable FEYE to develop and commercialize the Licensed Product in Territory.

 

ABVC will be responsible to secure the supply of the Licensed Product to FEYE in the Territory with an agreed price and quantity while FEYE will secure the purchase of the Licensed Products from ABVC in the Territory with committed volume. Further details are to be defined in the Definitive Agreement.

 

FEYE shall be responsible for completing regulatory filing of IND in the Territory.

 

ABVC will be responsible for providing the Licensed Product to FEYE at cost, to support clinical development in the Field of Use in the Territory.

 

FEYE will be responsible for further development and commercialization of the Licensed Product in the Field of Use in the Territory, including any clinical development, regulatory affairs (including regulatory filings and approvals), and commercialization of the Licensed Product.

 

As part of this license, FEYE will grant ABVC a perpetual, royalty-free right to use and reference any development, regulatory, and market data associated with the Licensed Product in FEYE’s control.

 

3

 

 

EXCLUSIVITY/

NON-COMPETE

During the collaboration, neither Parties or its affiliates will work on development of or commercialize in Territory any products containing Vitargus had developed medical use.
TECHNOLOGY SHARING After the Effective Date, and at a time to be agreed upon by FEYE and ABVC in the Definitive Agreement, ABVC would transfer to FEYE in English that data related to any Licensed Products in ABVC’s possession and control that is required by regulatory authorities for conducting an IDE/PMA and/or IND/NDA clinical studies.

INTELLECTUAL PROPERTY RIGHTS

 

Intellectual Property means any patent, copyright, trade secret, trademark or other proprietary rightincluding all their applications , registrations, renewals and extensions.

 

Each Party or its Affiliates owns all rights, title and interest of the Intellectual Property developed or controlled by itself and will be responsible for filing and maintaining the Intellectual Property in the Territory at its own cost.

 

Each Party warrants it does not and will not infringe, violate or misappropriate any trademark, patent, copyright, industrial design, trade secret or any other intellectual property or proprietary right of any Third Party.

 

No right, title or interest is granted to the other Party in the Definitive Agreement, whether expressly or by implication, to any technology or Intellectual Property rights owned by a Party other than pursuant to the terms of the Definitive Agreement.

 

Each Party will retain an unconditional and unlimited right of access, inclusion, citation, electronic or photo copy, and regulatory cross reference, without limitation, to any and all regulatory, technical, and scientific documentations, and any and all communications with any and all regulatory authorities in the other Party’s Territory for all matters related to each Licensed Product during the License Term.

MILESTONE & ROYALTY PAYMENTS See Exhibit B.

TAX

 

Payments to Licensor as detailed in Exhibit B are likely considered Licensor’s income generated in Territory. Licensor is responsible for income tax, value-added tax, and other related fees levied by Territory government authorities on these payments. If and to the extent that provision is made in law or regulation of Territory for withholding of taxes with respect to any such payment, Licensee shall pay such taxes on behalf of Licensor and provide Licensor with original receipt of such tax payments or withholding.
NET SALES

“Net Sales” means the total amount of invoices issued by the Licensee for selling the Product of each pack size in the Territory to the Third Parties responsible for distribution / logistics, minus the amount of allowable deduction items related to the Product actually provided to non-affiliates as follows:

 

a)       sales value added tax

 

b)       allowance, discount or rebate for rejection, defect, recall, return, retroactive price reduction

 

Net Sales shall be accounted in accordance with arm-length principles, industry standards and practices of the Territory, covering all sales of the Product to the Field of Use in the Territory. Any allowance, discount or rebate for any Third Party sales and marketing activities shall not be deducted from the Net Sales calculation.

 

Licensee shall allow Licensor to appoint a Third Party independent auditor to audit the financial accounts of Licensee or its affiliates to confirm the reasonableness and accuracy of the Net Sales calculation of the Product each year during the License Term.

 

LICENSE TERMS The term of licensing for the Licensed Product in the Territory is 20 years.

MANUFACTURING

 

Both Parties desire Licensee is responsible for the Licensed Product API manufacturing under CMO model as global primary supplier. Both Parties agree further study and analysis are to be performed for the feasibility from technical and financial perspective before the execution of related manufacturing agreement.

 

Manufacturing of Licensed Product finished product is subject to negotiation by both Parties.

 

4

 

 

Exhibit B

 

All payments below are pre-tax total payments in USD.

 

Milestones Timeline Payment to ABVC
Upfront

Due 30 days after the execution of this Agreement

US$30,000,000 Upfront the Investment Agreement

(or 5,000,000 shares of FEYE at $6/share)

US$30,000,000

(or 5,000,000 shares of FEYE at $6/share)

Milestone payment Due 30 days upon completion of next round fundraising

US $3,500,000

(Cash)

Total Licensing Fee

US$33,500,000

(5,000,000 shares of FEYE at $6/share and cash of $3,500,000)

Royalties

 

5% of Net Sales, accumulated to a total of US$60,000,000

 

Royalties shall be payable quarterly on Net Sales of the Licensed Product from the first commercial sale of a Licensed Product in the Territory to the end of License Terms.

 

 

5

 

EX-10.2 3 ea020257501ex10-2_abvcbio.htm DEFINITIVE LICENSE AGREEMENT BETWEEN BIOFIRST CORPORATION AND FORSEECON EYE CORPORATION

Exhibit 10.2

 

Definitive Licensing Agreement

 

This Definitive Licensing Agreement (“Agreement”) is entered into this 25 March, 2024 (the “Effective Date”) by and between:

 

(1)BIOFIRST CORPORATION, (“BIOFIRST”) a company registered in Taiwan,

 

(2)ForSeeCon Eye Corporation(“FEYE”), a company registered in the British Virgin Islands.

 

BIOFIRST and FEYE shall be referred to individually as a “Party” and collectively as the “Parties”.

 

WHEREAS, the parties have agreed to the Key Terms (see Exhibit A) as outlined in the Term Sheet, and now formalize their understanding in this Definitive Agreement.

 

NOW, THEREFORE, in consideration of the mutual covenants contained herein, the parties agree as follows:

 

1. Upon signing this Definitive Agreement, BIOFIRST shall have the exclusive right, until the expiration of this agreement, to negotiate and execute a definitive licensing agreement for the licensed products with FEYE.

 

2. FEYE has the right to team with partner(s) or transfer the right to a third party to negotiate and execute a definitive licensing agreement for the licensed products with BIOFIRST.

 

3. FEYE has satisfactorily completed a due diligence investigation of the Licensed Product.

 

4. BIOFIRST and its Representatives shall deal exclusively with FEYE with respect to any licensing in the same scope or similar arrangement surrounding the Licensed Product.

 

IN WITNESS WHEREOF, the parties hereto have executed this Definitive Agreement as of the Effective Date.

 

 

 

 

[Signature Page]

 

BioFirst Corporation   ForSeeCon Eye Corporation
Authorized Signature/Seal   Authorized Signature/Seal
     
     
Name:   Name:
Tsung Shann Jiang   Jerry Chang
Title:   Title:
CEO   CEO

 

2

 

 

Exhibit A

 

LICENSEE ForSeeCon Eye Corporation (“FEYE”)
LICENSOR BioFirst Corporation (“BIOFIRST”) and its affiliates
THIRD PARTY “Third Party” means a person or entity other than FEYE or BIOFIRST or their respective affiliates.
EFFECTIVE DATE The effective dates of Definitive Agreement related to the Licensed Product that would be the result of Parties’ discussions

LICENSED PRODUCT

 

BIOFIRST’s Ophthalmology product including Vitargus
TERRITORY Worldwide territories (50% right, the remaining 50% is to be granted by ABVC BioPharma, Inc.)
GOVERNING LAW Laws of the United States
FIELD OF USE Ophthalmology products

RIGHTS GRANTED

 

BIOFIRST shall grant to FEYE an exclusive right within the Territory license to develop and commercialize the Licensed Product in the Territory within the Field of Use.

RESPONSIBILITIES & OBLIGATIONS

 

BIOFIRST will be responsible for conducting the clinical development of the Licensed Product outside Territory and communicating the results as part of the Product Transfer (PT), which includes delivering the Licensed Product sufficient to support the clinical studies in Territory, delivering associated documents, manufacturing protocols, QC protocols, to enable FEYE to develop and commercialize the Licensed Product in Territory.

 

BIOFIRST will be responsible to secure the supply of the Licensed Product to FEYE in the Territory with an agreed price and quantity while FEYE will secure the purchase of the Licensed Products from BIOFIRST in the Territory with committed volume. Further details are to be defined in the Definitive Agreement.

 

FEYE shall be responsible for completing regulatory filing of IND in the Territory.

 

BIOFIRST will be responsible for providing the Licensed Product to FEYE at cost, to support clinical development in the Field of Use in the Territory.

 

FEYE will be responsible for further development and commercialization of the Licensed Product in the Field of Use in the Territory, including any clinical development, regulatory affairs (including regulatory filings and approvals), and commercialization of the Licensed Product.

 

As part of this license, FEYE will grant BIOFIRST a perpetual, royalty-free right to use and reference any development, regulatory, and market data associated with the Licensed Product in FEYE’s control.

EXCLUSIVITY/

NON-COMPETE

During the collaboration, neither Parties or its affiliates will work on development of or commercialize in Territory any products containing Vitargus had developed medical use.
TECHNOLOGY SHARING After the Effective Date, and at a time to be agreed upon by FEYE and BIOFIRST in the Definitive Agreement, BIOFIRST would transfer to FEYE in English that data related to any Licensed Products in BIOFIRST’s possession and control that is required by regulatory authorities for conducting an IDE/PMA and/or IND/NDA clinical studies.

 

3

 

 

INTELLECTUAL PROPERTY RIGHTS

 

Intellectual Property means any patent, copyright, trade secret, trademark or other proprietary rightincluding all their applications , registrations, renewals and extensions.

 

Each Party or its Affiliates owns all rights, title and interest of the Intellectual Property developed or controlled by itself and will be responsible for filing and maintaining the Intellectual Property in the Territory at its own cost.

 

Each Party warrants it does not and will not infringe, violate or misappropriate any trademark, patent, copyright, industrial design, trade secret or any other intellectual property or proprietary right of any Third Party.

 

No right, title or interest is granted to the other Party in the Definitive Agreement, whether expressly or by implication, to any technology or Intellectual Property rights owned by a Party other than pursuant to the terms of the Definitive Agreement.

 

Each Party will retain an unconditional and unlimited right of access, inclusion, citation, electronic or photo copy, and regulatory cross reference, without limitation, to any and all regulatory, technical, and scientific documentations, and any and all communications with any and all regulatory authorities in the other Party’s Territory for all matters related to each Licensed Product during the License Term.

MILESTONE & ROYALTY PAYMENTS See Exhibit B.

TAX

 

Payments to Licensor as detailed in Exhibit B are likely considered Licensor’s income generated in Territory. Licensor is responsible for income tax, value-added tax, and other related fees levied by Territory government authorities on these payments. If and to the extent that provision is made in law or regulation of Territory for withholding of taxes with respect to any such payment, Licensee shall pay such taxes on behalf of Licensor and provide Licensor with original receipt of such tax payments or withholding.
NET SALES

“Net Sales” means the total amount of invoices issued by the Licensee for selling the Product of each pack size in the Territory to the Third Parties responsible for distribution / logistics, minus the amount of allowable deduction items related to the Product actually provided to non-affiliates as follows:

 

a)       sales value added tax

 

b)       allowance, discount or rebate for rejection, defect, recall, return, retroactive price reduction

 

 

Net Sales shall be accounted in accordance with arm-length principles, industry standards and practices of the Territory, covering all sales of the Product to the Field of Use in the Territory. Any allowance, discount or rebate for any Third Party sales and marketing activities shall not be deducted from the Net Sales calculation.

 

Licensee shall allow Licensor to appoint a Third Party independent auditor to audit the financial accounts of Licensee or its affiliates to confirm the reasonableness and accuracy of the Net Sales calculation of the Product each year during the License Term.

 

LICENSE TERMS The term of licensing for the Licensed Product in the Territory is 20 years.

MANUFACTURING

 

Both Parties desire Licensee is responsible for the Licensed Product API manufacturing under CMO model as global primary supplier. Both Parties agree further study and analysis are to be performed for the feasibility from technical and financial perspective before the execution of related manufacturing agreement.

 

Manufacturing of Licensed Product finished product is subject to negotiation by both Parties.

 

4

 

 

Exhibit B

 

All payments below are pre-tax total payments in USD.

 

Milestones Timeline Payment to ABVC
Upfront

Due 30 days after the execution of this Agreement

US$30,000,000 Upfront the Investment Agreement

(or 5,000,000 shares of FEYE at $6/share)

US$30,000,000

(or 5,000,000 shares of FEYE at $6/share)

Milestone payment Due 30 days upon completion of next round fu™ndraising

US $3,500,000

(Cash)

Total Licensing Fee

US$33,500,000

(5,000,000 shares of FEYE at $6/share and cash of $3,500,000)

Royalties

 

5% of Net Sales, accumulated to a total of US$60,000,000

 

Royalties shall be payable quarterly on Net Sales of the Licensed Product from the first commercial sale of a Licensed Product in the Territory to the end of License Terms.

 

 

5

 

 

EX-99.1 4 ea020257501ex99-1_abvcbio.htm PRESS RELEASE

Exhibit 99.1

 

 

 

ABVC Biopharma Entered into a Global Licensing Deal of Vitargus® with Licensing Income of $33.5M and Royalties up to $60M

 

Fremont, CA (March 26, 2024) – ABVC BioPharma, Inc. (NASDAQ: ABVC) (“Company”), a clinical-stage biopharmaceutical company developing therapeutic solutions in ophthalmology, CNS (central nervous systems), and oncology/hematology, announced today that each of the Company and its subsidiary BioFirst Corporation entered into a global licensing agreement with ForSeeCon Eye Corporation (FEYE) for the Company’s Ophthalmology pipeline, which includes the medical device Vitargus® (valued at $187M, by third-party valuer)   (the “Licensed Products”) . This license will cover the Licensed Products’ clinical trial, registration, manufacturing, supply, and distribution rights.

 

“We are thrilled to announce a new licensing deal that we believe will make our product available to more patients undergoing the tedious Vitrectomy procedure. This partnership underscores our commitment to providing patients with a better quality of life during and after the procedure,” said Dr. Uttam Patil, ABVC’s Chief Executive Officer. He added that through this exciting collaboration, ABVC has secured the distribution rights to a wide range of eye products from ForSeeCon, which he believes will provide a new avenue for revenue generation with access to an even broader audience. With this new licensing agreement in place, ABVC will continue to serve as the R&D partner of ForSeeCon  to discover new pipelines for ophthalmic products. From better vitreous substitutes to various eyecare products, our platform remains dedicated to showcasing the best eyecare we can offer. ABVC will receive the first licensing payment of US$30,000,000 (cash/shares) within 30 days after executing the agreement. ABVC is entitled to another milestone payment of $3,500,000 in cash after the first useful fundraise and royalties of 5% of net sales, up to $60,000,000, after the launch of the Licensed Product. BioFirst is entitled to the same licensing fees and royalties as ABVC.

 

“I’m delighted to work on Vitargus®, representing our commitment to innovation. This product is a game-changer, and I’m confident it will exceed our customers’ expectations. I believe Vitargus® sets a new standard for excellence in our industry,” said Jerry Chang, CEO of ForSeeCon Eye. “We certainly believe that with the launch of this product, we’re not just introducing a new item to the market; we’re reshaping it. Its unique features and capabilities will revolutionize how our customers engage with ForSeeCon a nd elevate their overall experience,” he added.

 

Management believes the Company’s product pipeline has excellent market potential. According to iHealthcare Analyst, Inc., the global market for retinal surgery devices is expected to reach $4.3 billion by 2029, at a CAGR of 7.7%, driven partly by the rising geriatric population worldwide1.

 

For more information about ABVC and its subsidiaries, stay updated on the latest updates or visit https://abvcpharma.com. ABVC urges its shareholders to sign up on the Company’s website for the latest news alerts; visit https://abvcpharma.com/?page_id=17707

 

 

 

1https://www.ihealthcareanalyst.com/technological-advancement-ophthalmic-surgery-retinal-surgery-devices-market/

 

 

 

 

About ABVC BioPharma & Its Industry

 

ABVC BioPharma is a clinical-stage biopharmaceutical company with an active pipeline of six drugs and one medical device (ABV-1701/Vitargus®) under development. For its drug products, the Company utilizes in-licensed technology from its network of world-renowned research institutions to conduct proof-of-concept trials through Phase II of clinical development. The Company’s network of research institutions includes Stanford University, University of California at San Francisco, and Cedars-Sinai Medical Center. For Vitargus®, the Company intends to conduct global clinical trials through Phase III.

 

Forward-Looking Statements

 

This press release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential,” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified, and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. None of the outcomes expressed herein are guaranteed. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) our inability to manufacture our product candidates on a commercial scale on our own, or in collaboration with third parties; (ii) difficulties in obtaining financing on commercially reasonable terms; (iii) changes in the size and nature of our competition; (iv) loss of one or more key executives or scientists; and (v) difficulties in securing regulatory approval to proceed to the next level of the clinical trials or to market our product candidates. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors are urged to read these documents free of charge on the SEC’s website at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

 

This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company’s securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company’s securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

 

Contact:

Leeds Chow

Email: leedschow@ambrivis.com

 

 

 

 

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Cover
Mar. 26, 2024
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Mar. 26, 2024
Entity File Number 001-40700
Entity Registrant Name ABVC BIOPHARMA, INC.
Entity Central Index Key 0001173313
Entity Tax Identification Number 26-0014658
Entity Incorporation, State or Country Code NV
Entity Address, Address Line One 44370 Old Warm Springs Blvd.
Entity Address, City or Town Fremont
Entity Address, State or Province CA
Entity Address, Postal Zip Code 94538
City Area Code 510
Local Phone Number 668-0881
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, par value $0.001 per share
Trading Symbol ABVC
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
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