Immunome shares are trading higher after the company and Morphimmune announced a definitive merger agreement and simultaneous private placement investment of $125 million to develop targeted cancer therapies.
Portfolio Pulse from Benzinga Newsdesk
Immunome and Morphimmune have announced a definitive merger agreement, along with a simultaneous private placement investment of $125 million for the development of targeted cancer therapies. This has led to a rise in Immunome's share prices.
June 29, 2023 | 3:39 pm
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Immunome's shares are trading higher following the announcement of a merger with Morphimmune and a $125 million investment for cancer therapy development.
The merger with Morphimmune and the substantial investment for the development of cancer therapies are positive news for Immunome. This has led to an increase in the company's share prices, indicating investor confidence in the company's future prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100