Nykode and Regeneron in vaccines deal worth potential $925 million
On the day that it changed its name to Nykode Therapeutics (Euronext Growth (Oslo): VACC), the Norwegian vaccines and novel immunotherapies company formerly known as Vaccibody, has announced a deal with Regeneron Pharmaceuticals (Nasdaq: REGN).
Shares in Nykode had increased in value by more than 20% as Tuesday’s trading entered its final moments, following the announcement of the deal.
The license and collaboration agreement with Regeneron is for the discovery, development and commercialization of potential new vaccines for cancer and infectious diseases.
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