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Stock impact report

Immunome Announces Completion of Purchase of Assets from Atreca [Yahoo! Finance]

Immunome, Inc. (IMNM) 
Company Research Source: Yahoo! Finance
best-in-class targeted cancer therapies, today announced the completion of its purchase of antibodies and related assets from Atreca, Inc. Under the terms of the agreement, Immunome paid Atreca $5.5 million upfront, and Atreca will be eligible for up to $7.0 million in clinical development milestones. Immunome received the rights to 28 antibodies as well as certain materials. "Novel and underexplored targets are central to Immunome's pipeline strategy," said Jack Higgins, PhD, Chief Scientific Officer. "The antibodies acquired from Atreca add to our ADC toolbox, complementing our existing discovery programs pursuing undisclosed targets." Added Clay Siegall, PhD, President and Chief Executive Officer, "Immunome intends to further expand its ADC portfolio through cost-effective business development, rigorous discovery efforts, and disciplined development. We believe this purchase accelerates our efforts to bring innovative therapies to cancer patients." About Immunome, Inc. Immu Show less Read more
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