ImmuPharma shoots up 300% after it inks US licensing deal for flagship drug Lupuzor
Chief executive Dimitri Dimitriou said Avion had a strong track record of taking late stage drugs through the regulatory process and onto commercialisation
Company
LON:IMM
ImmuPharma PLC is a biopharmaceutical company that specializes in the usage and development of biopolymers, specifically peptides. The company is dedicated to developing an innovative portfolio of peptide-based therapeutic drugs with a focus on autoimmunity/inflammation and anti-infectives.
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Chief executive Dimitri Dimitriou said Avion had a strong track record of taking late stage drugs through the regulatory process and onto commercialisation
Lupuzor did work well in certain patients, chiefly those who were antibody-positive
The drug developer also recently raised £2.66mln from its institutional investor, Lanstead Capital, to help execute its corporate strategy
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After Lupuzor missed its primary endpoint in a phase III trial last year, ImmuPharma has been working hard to build a data package for the drug which it can take to regulators
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It said the proceeds of the subscription will be used primarily to fund the execution of its corporate strategy, including progressing Lupuzor through both corporate partnerships and regulatory pathways
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The drug developer is assessing the best route forward for its lead drug, a treatment for the autoimmune disease, Lupus
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