On October 7 2013 Immutep S.A., the biopharmaceutical company specializing in immuno-oncology, and Eddingpharm reported that they have entered into an agreement regarding the development, commercialization and manufacturing of Immutep’s ImmuFact IMP321 (Press release, Eddingpharm, OCT 7/, 2013, View Source [SID:1234513850]). Financial details are undisclosed but include milestone payments and royalties. Burrill Securities acted as financial advisor on this transaction.
Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:
Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing
Schedule Your 30 min Free Demo!
The agreement grants Eddingpharm exclusive rights to develop and market IMP321 in mainland China, Hong Kong, Macau and Taiwan. Immutep will provide full technical support for the development of the product. Immutep and Eddingpharm plan to develop the product for first-line metastatic breast cancer as well as other first-line metastatic indications.
Like the checkpoint inhibitors that induce tumor regression and extend survival, antigen presenting cell (APC) activators increase the T cell response against tumors by a different but complementary mechanism, which enhances antigen presentation to T cells. IMP321 (a first-in-class APC activator) can be used in combination with first-line chemotherapy or in combination with checkpoint inhibitors.
We have been very impressed by the dynamic and innovative approach of Eddingpharm, and believe them to have the capability of driving the development of IMP321 in China," said John Hawken, CEO. "Immutep is continuing the development of IMP321 in Europe and the USA. We are in partnering discussions at present."
"We are excited to be entering the new field of immuno-oncology. We believe that immuno-oncology will revolutionize cancer treatment, » said Xin Ni, chairman and chief executive officer of Eddingpharm. Our priority is bringing new and effective treatments to patients. We look forward to working closely with Immutep to develop IMP321 in first-line metastatic breast cancer as well as other first-line metastatic indications."