LAVA Therapeutics Announces Pfizer Has Achieved Clinical Development Milestone For PF-08046052, Triggering $7M Payment To LAVA
Portfolio Pulse from Benzinga Newsdesk
LAVA Therapeutics announced that Pfizer has reached a clinical development milestone for PF-08046052, resulting in a $7M payment to LAVA. This achievement marks a significant step in the collaboration between the two companies.
March 05, 2024 | 12:31 pm
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LAVA Therapeutics receives a $7M payment from Pfizer after reaching a clinical development milestone for PF-08046052, highlighting progress in their partnership.
The $7M payment from Pfizer to LAVA Therapeutics as a result of achieving a clinical development milestone for PF-08046052 is a direct financial benefit and a positive indicator of the progress and potential success of their partnership. This news is likely to be viewed positively by investors, potentially leading to an increase in LVTX's stock price in the short term.
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IMPORTANCE 80
RELEVANCE 90