T Cell Science and Virus Research Institute have both receivedshareholder approval to merge into a new group, Avant Immunotherapeutics (Marketletter May 18). The new company has started trading on the Nasdaq stock market.
Una Ryan, Avant's chief executive, said that the merger positions the company to be a world leader in immunotherapeutics. The company currently has five established alliances with major firms, including Novartis and SmithKline Beecham, and should now be able to take advantage of "multiple opportunities for forming new partnerships," she added.
Avant, which has four products in clinical development together with its partners, has a workforce of 80 and the new company will have its headquarters in Needham, Massachusetts
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2025 | Headless Content Management with Blaze