Hookipa shares up 54% on amended Gilead deal
Shares in Austrian biopharma Hookipa (Nasdaq: HOOK) closed up by more than half on Wednesday.
The company had announced it has entered into an amended and restated collaboration and license agreement with US biotech major Gilead Sciences (Nasdaq: GILD) to advance the development of a novel arenaviral immunotherapy as a component of a potential functional curative regimen for HIV.
In April 2018, Gilead licensed exclusive rights to Hookipa’s versatile arenaviral platform to develop immunotherapies for HIV and hepatitis B virus (HBV). Under those terms, the companies agreed to collaborate through a joint research phase, after which time Gilead had rights for further development.
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