TScan Therapeutics to Collaborate with Amgen to Identify Novel Targets in Crohn’s Disease

May 9, 2023

(24/7 MARKET NEWS) – TScan Therapeutics, Inc. (NASDAQ:TCRX) and Amgen (NASDAQ:AMGN) announced, this morning, a multi-year collaboration that will use TScan’s proprietary target discovery platform, TargetScan, to identify the antigens recognized by T cells in patients with Crohn’s disease. Under the terms of the agreement, TScan will receive a $30 million upfront payment and is eligible to earn over $500 million in success-based preclinical, clinical, regulatory and commercial milestones as well as tiered single-digit royalty payments.

TScan opened the regular session at $2.87 and is trading at $3.39, up $1.1405 (+50.70%), on trading volume of 1,469,353 shares.

Its 52-week range is $1.45 to $4.56. It already hit $3.54 and looks like it should challenge its August resistance levels.

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