Kinarus Therapeutics Holding AG signed licensing agreement to extend cash for operations. The financial consideration is immediately available to Kinarus and was required to ensure liquidity while Kinarus awaits transfer of funds from a convertible loan investment made by ChaoDian (Hangzhou) Investment Management Co (CDIM) made in May 2023. In exchange, the group of shareholders received an exclusive license to develop KIN001 to treat IPF; Kinarus is eligible to receive milestones and royalties, as is customary in biopharmaceutical licensing agreements.