BioLineRx Entered Exclusive License Agreement to Motixafortide in Asia, Advised by MSQ Ventures

NEW YORK,Oct. 31,2023 -- MSQ Ventures ("MSQ") is pleased to announce that its client,BioLineRx Ltd.("BioLineRx") (NASDAQ/TASE: BLRX),has entered into an exclusive license agreement withGuangzhou Gloria Biosciences Co.,Ltd.(GloriaBio) and an associated investor for the development ofmotixafortide across all indications inAsia.

The license agreement provides for a$15 millionupfront payment and an equity investment of $14.6 million,up to$50 millionin potential development and regulatory milestones,up to$200 millionin potential commercial milestones and tiered double-digit royalties on sales.

"GivenGloriaBio's expertise and track record in the development and commercialization of cancer immunotherapies inChina,we believe GloriaBio is well suited to further develop motixafortide inAsia. GloriaBio has demonstrated a clear commitment to the motixafortide programs in stem cell mobilization and pancreatic cancer inAsia,and this transaction provides us with additional capital to continue our launch plans in theU.S.," saidPhilip Serlin,Chief Executive Officer ofBioLineRx Ltd. "We are very excited about the swift and successful conclusion of this monumental Asian market licensing agreement. TheMSQ team showed remarkable agility and a deep understanding of mutual benefits to both parties right from our initial discussions. MSQ's disciplined deal management ensured a seamless process. Echo,with her visionary leadership,expertise,and impressive execution skills,played a key role in making this collaboration happen."

"We are pleased to enter into this strategic partnership with BioLineRxand are committed to the development and commercialization of motixafortide inAsia,which we believe will bring additional value to GloriaBio's portfolio via clear synergies with zimberelimab," saidJiman Zhu,Founder of GloriaBio. "The MSQ team's great efforts made a huge impact on the closing of this successful transaction in such a short time. The MSQ team provided valuable advice for both sides. We are impressed with the MSQ team's extensive knowledge of financial structures and drug development".

EchoHindle-Yang,CEO of MSQ,reflecting on the transaction,"We're thrilled about the cross-border collaboration between BioLineRx,the pioneering company behind FDA-approved APHEXDA™ (motixafortide),and GloriaBio,the team behind the PD-1 inhibitor YuTuo® (zimberelimab). This partnership showcases their commitment to advancing global drug development and benefiting patients on a global scale. BioLineRx brings an innovative pipeline,successful FDA approval of APHEXDA™ for stem cell mobilization,strategic collaboration abilities,and a seasoned team to the table. On the other hand,GloriaBio,with their expertise in cancer immunotherapies,clinical development capabilities,and strong commercialization capabilities in Asia,is a formidable partner. The dedication of leaders like Mr. Serlin,Dr. Zhu,and their stellar teams played a pivotal role in swiftly achieving the success of this transformative deal. As part of this momentous partnership,we eagerly anticipate the positive developments ahead,promising an even brighter future for global patients."

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