Aptose Biosciences Secures $10M Loan From Hanmi Pharmaceutical For Tuspetinib Development; Companies To Negotiate New Co-Development Agreement For AML Treatment
Portfolio Pulse from Benzinga Newsdesk
Aptose Biosciences has secured a $10 million loan from Hanmi Pharmaceutical to support the development of its AML treatment, tuspetinib. The companies are also negotiating a new co-development agreement to further accelerate the drug's clinical development.
August 30, 2024 | 8:31 pm
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Aptose Biosciences received a $10M loan from Hanmi Pharmaceutical to fund the development of tuspetinib, an AML treatment. This financial boost and potential new co-development agreement could accelerate the drug's progress.
The $10M loan provides immediate financial support for Aptose's key drug development, tuspetinib, which is crucial for its pipeline. The potential new co-development agreement with Hanmi could further enhance funding and accelerate clinical trials, positively impacting Aptose's stock.
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