Second Innate Pharma NK cell engager selected by Sanofi

21 July 2022

Shares of Innate Pharma (Euronext Paris: IPH) shot up as much as 10% in an initial reaction to its announcement that French pharma major Sanofi (Euronext: SAN) has made the decision to progress IPH6401/SAR’514 into investigational new drug (IND)-enabling studies, triggering a 3 million-euro ($3.1 million) milestone payment. The stock later fell back.

Under the original deal in 2016, Innate Pharma became eligible for up to 400 million in development and commercial milestone payments as well as royalties.

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