iTeos to raise $120M; Xbrane and STADA to out-license Lucentis biosimilar
10 May 2024
Phase 2Clinical ResultClinical Trial FailureIPO
Plus, news about AnaptysBio, Alzamend, AEON Biopharma and argenx:
iTeos Therapeutics’ $120M offering: The immuno-oncology company is selling about 1.1 million shares for $17.50 apiece. RA Capital Management and Boxer Capital — both existing investors — are leading the financing. iTeos added that its Phase 2 test of belrestotug plus dostarlimab in metastatic PD-L1 high non-small cell lung cancerPD-L1 high non-small cell lung cancer “exceeded pre-defined efficacy criteria” at an interim assessment. Its stock $ITOS was up about 40% on Friday morning. — Jaimy Lee & Ayisha Sharma
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Source: EndPoints
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