February 24, 2024

CytomX and Regeneron to form Strategic Research Collaboration in the Field of Conditional Bispecific Therapeutics for the Treatment of Cancer

(24/7 MARKET NEWS) – CytomX Therapeutics, Inc. (NASDAQ:CTMX) and Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) will form a strategic research collaboration, in the field of Conditional Bispecific Therapeutics for the treatment of cancer, to enable the development of investigational next-generation bispecific immunotherapies using CytomX’s Probody and Regeneron’s Veloci-Bi platforms

The agreement terms include CytomX receiving a $30 million upfront payment that can potentially grow up to $2 billion in research, development, regulatory and sales-based milestones.

CytomX is trading in this morning’s premarket at $1.37, 16 cents higher (+13.22%), on nearly 500 thousand shares.

Regeneron is trading in this morning’s premarket at $735.67, up $6.94 (+0.95%), on over 500 thousand shares.

CytomX’s 52-week range is $ 1.17 to $7.4598, with its next inflection points at $1.39, $1.47, and $1.57.

24/7 MARKET NEWS, INC Disclaimer

24/7 MARKET NEWS (“24/7 MN”) is dedicated to covering various underreported segments of the stock markets. Our goal is to help you to better understand these markets, but 24/7 MN is neither an investment advisor nor a financial advisor, and no information provided here is to be interpreted as a suggestion to buy or sell stocks or other investment products. All opinions, news, research, analysis, prices or other information contained on 247marketnews.com, its press releases, or other services are provided for educational purposes only and do not constitute investment advice. You are solely responsible for the investment decisions you make.

Please go to www.247marketnews.com or https://www.247marketnews.com/terms-disclaimer/ for further information.

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.