Through this option agreement, SHIONOGI will acquire exclusive research, development, and commercialization rights for FPP004X worldwide, based on the results of clinical trials conducted by FunPep. As part of this contract, SHIONOGI will pay FunPep a one-time fee upon signing of JPY 300 million, a one-time licensing fee if the option is exercised, and up to JPY 17.8 billion in development and sales milestones, along with royalties based on sales. Additionally, SHIONOGI will invest JPY 200 million in FunPep as part of this option agreement.