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Stock impact report

Aptose Biosciences secures funds for AML treatment development [Yahoo! Finance]

Aptose Biosciences, Inc. - Common Shares (APTO) 
Last aptose biosciences, inc. - common shares earnings: 3/10 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: aptose.com/investors
Company Research Source: Yahoo! Finance
Tuspetinib is an oral kinase inhibitor with potential as both a monotherapy and in combination therapies for newly diagnosed and relapsed or refractory AML patients. The funds will be directed towards the development of tuspetinib, particularly assessing it as a frontline triplet therapy for newly diagnosed AML patients. The loan may be converted as prepayment for milestone obligations under a future collaboration agreement or repaid following the anticipated completion of a triple-drug combination study with tuspetinib. Aptose and Hanmi signed an exclusive global licence agreement in November 2021 for the development and commercialisation of the product, which was originally discovered by the latter. From January 2022, Aptose has been managing the ongoing study and clinical programme for tuspetinib. The collaboration between Aptose and Hanmi extends beyond the current facility agreement. The two companies are in discussions to negotiate a new co-development collaboration Show less Read more
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