Immunome Announces Completion of Purchase of Assets from Atreca
20 Maggio 2024 - 2:00PM
Business Wire
Immunome, Inc. (Nasdaq: IMNM), a biotechnology company focused
on developing first-in-class and best-in-class targeted cancer
therapies, today announced the completion of its purchase of
antibodies and related assets from Atreca, Inc. Under the terms of
the agreement, Immunome paid Atreca $5.5 million upfront, and
Atreca will be eligible for up to $7.0 million in clinical
development milestones. Immunome received the rights to 28
antibodies as well as certain materials.
“Novel and underexplored targets are central to Immunome’s
pipeline strategy,” said Jack Higgins, PhD, Chief Scientific
Officer. “The antibodies acquired from Atreca add to our ADC
toolbox, complementing our existing discovery programs pursuing
undisclosed targets.”
Added Clay Siegall, PhD, President and Chief Executive Officer,
“Immunome intends to further expand its ADC portfolio through
cost-effective business development, rigorous discovery efforts,
and disciplined development. We believe this purchase accelerates
our efforts to bring innovative therapies to cancer patients.”
About Immunome, Inc.
Immunome is a biotechnology company dedicated to developing
first-in-class and best-in-class targeted cancer therapies. Our
portfolio pursues each target with a modality appropriate to its
biology, including small molecules, ADCs, RLTs and immunotherapies.
We believe that pursuing underexplored targets with appropriate
drug modalities leads to transformative therapies. Our proprietary
memory B cell hybridoma technology allows for the rapid screening
and functional characterization of novel antibodies and
targets.
For more information, visit www.immunome.com or follow us on
Twitter and LinkedIn.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements contained in this communication regarding
matters that are not historical facts, are forward-looking
statements within the meaning of Section 21E of the Securities and
Exchange Act of 1934, as amended, and the Private Securities
Litigation Reform Act of 1995 (the “PSLRA”). We use words such as
“will,” “intends,” “believe,” and similar expressions to identify
these forward-looking statements that are intended to be covered by
the safe-harbor provisions of the PSLRA. These forward-looking
statements include, but are not limited to, statements regarding
Immunome’s expectation to expand its portfolio and toolbox, enhance
its development capabilities and drive strategic business
initiatives; Immunome’s ability to integrate the assets acquired
from Atreca; Immunome’s expectation about management’s performance;
and other statements regarding management’s intentions, plans,
beliefs, expectations or forecasts for the future. No
forward-looking statement can be guaranteed, and actual results may
differ materially from those projected. Such forward-looking
statements are based on Immunome’s expectations and involve risks
and uncertainties; consequently, actual results may differ
materially from those expressed or implied in the statements due to
a number of factors. These factors include, but are not limited to,
the risk that Immunome will not be able to realize the benefits of
its strategic transactions, Immunome’s ability to grow and
successfully execute on its business plan, including the
development and commercialization of its pipeline and the expansion
of its toolbox; changes in the applicable laws or regulations; the
possibility that Immunome may be adversely affected by other
economic, market, business, and/or competitive factors; the risk
that regulatory approvals for Immunome’s programs and product
candidates are not obtained, are delayed or are subject to
unanticipated conditions; the risk that pre-clinical data may not
be predictive of clinical data; the risk that interim results of a
clinical trial do not necessarily predict final results; potential
delays in the commencement, enrollment and completion of clinical
trials and the reporting of data therefrom; the risk that our
product and development candidates fail to achieve their intended
endpoints; the complexity of numerous regulatory and legal
requirements that Immunome needs to comply with to operate its
business; the reliance on Immunome’s management; the prior
experience and successes of the Immunome’s management team not
being indicative of any future success; uncertainties related to
Immunome’s capital requirements and Immunome’s expected cash
runway; the failure to obtain, adequately protect, maintain or
enforce Immunome’s intellectual property rights; and other risks
and uncertainties indicated from time to time described in
Immunome’s Annual Report on Form 10-K for the year ended December
31, 2023, filed with the SEC on March 28, 2024, in Immunome’s
Quarterly Report on Form 10-Q for the quarter ended March 31, 2024,
filed with the SEC on May 14, 2024, and in Immunome’s other filings
with the SEC. Immunome cautions that the foregoing list of factors
is not exclusive and not to place undue reliance upon any
forward-looking statements which speak only as of the date made.
Moreover, Immunome operates in a very competitive and rapidly
changing environment. New risks emerge from time to time. Except as
required by law, Immunome does not undertake any obligation to
update publicly any forward-looking statements for any reason after
the date of this press release to conform these statements to
actual results or to changes in their expectations.
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version on businesswire.com: https://www.businesswire.com/news/home/20240520133699/en/
Investor Contact Max Rosett Chief Financial Officer
investors@immunome.com
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