Hookipa Pharma Rises on Roche Deal
October 20 2022 - 11:46AM
TipRanks
Shares of biopharmaceutical company Hookipa Pharma (NASDAQ:HOOK)
are soaring today on the back of its licensing deal with Roche for
HB-700 and a novel immunotherapy (undisclosed). With this move,
Hookipa gains an upfront payment of $25 million, a potential
optional payment of $15 million for another candidate as well as
milestone payments of up to $930 million (apart from sales
royalties). Shares are now up ~24.4% over the last five days.
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HOOKIPA Pharma (NASDAQ:HOOK)
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