On August 19, 2026, Apimeds Pharmaceuticals US (APUS) signed an agreement with Korea's FreeT Inc. under which FreeT irrevocably handed over all of its rights tied to Apitox, a bee-venom-based drug candidate. The package covers 100% of the Apitox rights for the Korean medicine clinic market in South Korea, a 25% royalty on proceeds from developing or commercializing Apitox in the U.S., a 25% cut of net proceeds from overseas licensing deals, and quarterly briefings on both the clinical program and international transactions. Two caveats worth knowing: the deal leaves out the underlying intellectual property ownership of Apitox, along with any global rights FreeT never held, and while the company says the transferred rights arrive clean — no leftover claims from earlier side arrangements — it takes on none of FreeT's pre-existing debts.
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