Innate Pharma Enters Exclusive License Agreement with Takeda

April 3, 2023

(24/7 MARKET NEWS) – Innate Pharma SA (NASDAQ:IPHA) announced, this morning, that it entered into an exclusive license agreement with Takeda under which Innate grants Takeda exclusive worldwide rights to research and develop antibody drug conjugates (ADC) using a panel of selected Innate antibodies against an undisclosed target, with a primary focus in Celiac disease.

Innate Pharma is trading at $3.24, up $0.39 (+13.68%), on 60 thousand premarket shares.

Its 52-week trading range is $1.90 to $3.97. It’s trading at a key inflection point and if it can break through this resistance, on strong trading volume, it may try to challenge the $4 trading level.

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