Immatics NV shares gained more than 6% premarket on Monday after the company announced a collaboration with Moderna Inc. to research and develop new cancer...
Immatics NV shares IMTX, -2.87% gained more than 6% premarket on Monday after the company announced a collaboration with Moderna Inc.
to research and develop new cancer therapies. The partnership couples Immatics’ T cell-redirecting cancer immunotherapy platform with Moderna’s mRNA technology and is expected to span bispecifics, cell therapy and cancer vaccines, the companies said in a release Monday. Under terms of the agreement, Immatics will receive an upfront payment of $120 million as well as research funding and potential development, regulatory and commercial milestone payments that could exceed $1.
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