BUZZ-Australia's Immutep soars on partnering with India's Dr. Reddy’s

Reuters

2025/12/09

** Shares of Immutep IMM.AX rise as much as 31.4% to A$0.335, their biggest intraday pct gain since May 18, 2023** Biotech co partners with India's Dr. Reddy’s Laboratories REDY.NS for commercialization of Eftilagimod Alfa, an Oncology drug** Dr. Reddy’s receives exclusive rights to develop and commercialize the drug in all countries outside North America, Europe, Japan, and Greater China** Immutep will receive $20 million upfront, eligible for milestone payments of up to $349.5 million plus royalties on commercial sales** Shares hit highest level since May 6** YTD, IMM shares down 12.3%

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))

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