Ipsen (FR:IPN) has released an update.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
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.