Immutep Receives AU$30 Million In Upfront Payment From Indian Drugmaker In January

MT Newswires Live

01/29

Immutep (ASX:IMM) said it received around AU$30 million in upfront payment from Indian firm Dr. Reddy's Laboratories in January under its strategic collaboration for the commercialization of Eftilagimod Alfa, its drug candidate for the treatment of non-small cell lung cancer, according to a Thursday Australian bourse filing.

The firm is eligible to receive up to around AU$528 million in potential milestones, plus royalties on commercial sales of the drug candidate.

During the December 2025 quarter, its AIPAC-003 phase two/three trial in metastatic breast cancer enrolled 71 metastatic hormone receptor-positive, human epidermal growth factor receptor 2-negative/low patients, resistant to endocrine therapy, including cyclin-dependent kinase 4/6 inhibitors, or triple-negative breast cancer patients.

Its shares fell 2% in recent trading on Thursday.

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