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ImmuPharma's Tim McCarthy details Lupuzor licensing deal with Avion Pharmaceuticals

ImmuPharma PLC's (LON:IMM) chairman Tim McCarthy caught up with Proactive's Andrew Scott to talk through the recently announced licensing deal worth almost US$100mln for Lupuzor -  its treatment for the autoimmune disease lupus.

US speciality drugs group Avion Pharmaceuticals will fund the US$25mln costs of a phase III clinical trial next year.

Quick facts: ImmuPharma PLC

Price: 14.025 GBX

AIM:IMM
Market: AIM
Market Cap: £25.67 m
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Immupharma chairman 'delighted' with first significant investment from...

ImmuPharma PLC's (LON:IMM) Tim McCarthy speaks to Proactive London's Andrew Scott following the news of new funding through two specialist US healthcare investors. Up to US$6.3mln is being invested into IMM from an issue of unsecured convertible securities and associated options to L1 Capital...

on 15/6/20

2 min read