AC Immune Reaches Key Milestone in Alzheimer's Immunotherapy, Receives CHF 24.6M
Portfolio Pulse from Benzinga Newsdesk
AC Immune SA (NASDAQ:ACIU) has received a CHF 24.6 million milestone payment from Janssen Pharmaceuticals for its Alzheimer's immunotherapy candidate, JNJ-2056. This payment highlights the progress in the Phase 2b ReTain trial and strengthens AC Immune's financial position.
September 17, 2024 | 11:11 am
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AC Immune SA has received a CHF 24.6 million milestone payment from Janssen Pharmaceuticals for its Alzheimer's candidate JNJ-2056, enhancing its financial position and supporting ongoing trials.
The milestone payment from Janssen Pharmaceuticals signifies progress in the ReTain trial and provides financial stability to AC Immune, which is crucial for ongoing and future developments. This positive financial news is likely to boost investor confidence and potentially lead to a short-term increase in ACIU's stock price.
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