ImmuneOnco Regains Global Rights to Two Anti-tumor Medicines

MT Newswires Live

01/07

ImmuneOnco Biopharmaceuticals (Shanghai) (HKG:1541) regained the global rights to IMM2510 and IMM27M after terminating a license agreement with Axion Bio, according to a Hong Kong bourse filing Tuesday.

Shares of the firm fell nearly 1% in morning trade Wednesday.

The termination does not affect the $35 million ImmuneOnco received as upfront and milestone payment from Axion, the firm said.

Both drug candidates were being developed as anti-tumor medicines.

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