Ipsen (FR:IPN) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Ipsen has expanded its oncology research partnership with Marengo Therapeutics to include new preclinical development collaborations for ‘T-Cell Engager’ assets via Marengo’s TriSTAR platform. These efforts aim to activate T lymphocytes against ‘cold’ tumors, which are challenging to treat with traditional therapies. The agreement includes an initial payment to Marengo with potential milestone payments totaling up to $1.2 billion, plus tiered royalties on global sales.
For further insights into FR:IPN stock, check out TipRanks’ Stock Analysis page.