Purple Biotech expands pipeline with M&A deal
Israel-based clinical-stage company Purple Biotech (TASE/Nasdaq: PPBT) saw its shares gains 9.5% to 61.00 shekels today, as announced that it has entered into an agreement to acquire Netherlands-headquartered, venture capital backed Immunorizon, which is developing potential multi-specific T and NK cell engager oncology therapies that selectively activate the immune response within the tumor microenvironment.
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