ImmuPharma (GB:IMM) has released an update.
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ImmuPharma PLC, the specialist drug discovery and development company, has successfully sold its entire stake of approximately 9.9 million shares in Incanthera plc, generating gross proceeds of around £1.5 million. Despite this sale, ImmuPharma still holds about 7.3 million warrants in Incanthera, exercisable until 6 September 2024. ImmuPharma is known for developing peptide-based therapeutics, focusing on treatments for autoimmune diseases and anti-infectives, with its leading program P140 targeting Lupus and CIDP.
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