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0 0 0 0 -0.000822368421052614 0.0176809210526316 -0.000822368421052614 -0.0131578947368421
Stock impact report

Aarvik Therapeutics Announces Option Exercise by Collaboration Partner ArriVent BioPharma [Yahoo! Finance]

ArriVent BioPharma, Inc. (AVBP) 
Company Research Source: Yahoo! Finance
therapy, is pleased to announce that its collaboration partner ArriVent BioPharma, Inc. has exercised the option to exclusively license the collaboration program. As part of the research collaboration agreement entered into between Aarvik and ArriVent on December 21, 2021, Aarvik has been responsible for discovery and preclinical development of a novel ADC molecule that relies on the unique modular platform developed by Aarvik. ArriVent will be responsible for clinical development and commercialization. Aarvik has received an upfront payment, research funding and an opt-in payment, and is eligible to receive contingent development and commercial milestones, plus royalties. "Aarvik has shown that it can combine the most advanced protein engineering technologies with deep ADC drug development expertise to enable next-generation, best-in-class oncology therapies," said Jagath Reddy Junutula , PhD, Co-founder, President and CEO of Aarvik Therapeutics. "Aarvik will continue to pursue p Show less Read more
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