Imugene enhances portfolio with acquisitions

15 July 2019

Australian clinical-stage immuno-oncology company Imugene (ASX: IMU) today announced that it would acquire Vaxinia Pty Ltd via a cash and share deal valued at A$1.619 million ($1.13 million).

Also, Imugene has acquired a worldwide exclusive license to a promising oncolytic virus technology, known as CF33, developed at City of Hope, a world-renowned independent research and treatment center for cancer, diabetes and other life-threatening diseases based in Los Angeles, California, USA.

News of the deals saw Imugene’s shares close down 6.25% at A$0.015.

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