IBIO iBio Inc

Patents

On March 11, 2020, iBio, Inc. (the “Company” or “iBio”) filed four provisional patent applications (the “Patent Applications”) that apply its Virus Like Particle [VLP] platform technology, or its lichenase carrier immunostimulatory (“LickM”) adjuvant technology, in conjunction with its FastPharming™ Manufacturing System for treating or preventing infections with the SARS-CoV-2 virus, which is the agent that causes coronavirus disease 2019 (COVID-19).

Master Joint Development Agreement with Beijing CC-Pharming Ltd.

On August 8, 2018, the Company and Beijing CC-Pharming Ltd. (“BCCP”) entered into a Master Joint Development Agreement (the “MJDA”) in which the Company and BCCP established a strategic commercial relationship for the joint development of products and manufacturing facilities for the Chinese biopharmaceutical market, utilizing iBio’s technology. The Company’s relationship with BCCP initially focused on the development of an oncology biosimilar or bio-better drug and license and transfer of the Company’s proprietary technology for drug development and manufacture to BCCP for use only in China.

When the coronavirus problems emerged in China, BCCP sought to extend the collaboration with the Company to process development and testing of coronavirus vaccine candidates. On February 6, 2020, the Company and BCCP executed a Statement of Work 2 (“SOW2”) memorializing their collaborative efforts to develop and test a new BCCP 2019-nCoV vaccine to be manufactured using iBio’s FastPharming System™.

The SOW2 is governed by the terms of the MJDA, which provides BCCP with a nonexclusive, non- assignable, non-sublicensable, limited license to use iBio technology in order to manufacture, process, prepare, and obtain regulatory approval for the development and production of biopharmaceuticals products based on iBio’s proprietary and patented plant-based protein production technology and know-how. The non-exclusive license granted under the MJDA extends only to China.

The contemplated collaborative effort with BCCP is still in early stages and has not yet progressed in any material respect.

The Company’s separate activities have resulted in the development of intellectual property in the field of vaccine candidate development for the SARS-CoV-2 virus. Those separate activities are reflected in the filing of the Patent Applications described above.

The foregoing descriptions of the terms of the SOW2 and MJDA do not purport to be complete and are subject to, and qualified in their entirety by reference to, such agreements, which are filed herewith as Exhibit 10.2, and Exhibit 10.1, respectively, and are incorporated herein by reference.

* Portions of this exhibit, which are not material and would likely cause competitive harm to the Company if publicly disclosed, have been omitted. Omitted information is indicated by brackets in the exhibit.