Imugene to Issue 19.5 Million Shares, Pay $3 Million in Cash to Precision Biosciences as Milestone Payment Under Licensing Agreement

MT Newswires Live

2025/11/03

Imugene (ASX:IMU) said it will issue 19.5 million shares and pay $3 million in cash to Precision Biosciences as consideration for achieving the first milestone event under a license agreement between the two companies, according to a Monday Australian bourse filing.

Imugene reached the milestone when exploring discussions with the US Food and Drug Administration regarding a potential pivotal trial for the azer-cel technology, which it in-licensed from Precision in 2023.

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