Seagen punts up to $700 million on LAVA's Gammobody platform

26 September 2022

US biotech Seagen (Nasdaq: SGEN) has entered into exclusive license agreement with Dutch and US firm LAVA Therapeutics (Nasdaq: LVTX) to develop and commercialize the latter’s LAVA-1223.

LAVA’s shares rocketed 135% to $2.40 in pre-market trading on the news

LAVA-1223 is an advanced pre-clinical asset that utilizes LAVA’s proprietary Gammabody technology to target epidermal growth factor receptor (EGFR)-expressing solid tumors.

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