Servier deals blow to Pieris as oncology collab comes to end
In a filing with the US Securities and Exchange Commission (SEC), Pieris Pharmaceuticals (Nasdaq: PIRS) has notified investors that Servier Laboratories is pulling the plug on the firms’ cancer collaboration.
The alliance, established in January 2017, focused on developing Anticalin-based therapeutics for immuno-oncology.
Servier initially paid Pieris $31 million to get the ball rolling on research, which encompassed five bispecific drugs.
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