PDS Biotech builds pipeline with rights to novel immunotherapy
A new development and licensing deal with Germany’s Merck KGaA (MRK: DE) will augment the pipeline of immunotherapy specialist PDS Biotechnology (Nasdaq: PDSB).
The New Jersey, USA-based firm is working on a pipeline of targeted immunotherapies for cancer and infectious diseases, which will now include the interleukin (IL)-12 fusion protein M9241.
Drawn by the potential of the candidate to enhance the cancer-targeting effects of T-cells, PDS has secured an exclusive license to the candidate, in return for financial commitments including an upfront consideration of $5 million.
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