Immunome and Morphimmune to Merge and Agreement includes $125 Million Private Placement to Develop Targeted Cancer Therapies

June 29, 2023

(24/7 MARKET NEWS) – Immunome (NASDAQ:IMNM) and Morphimmune announced, this morning, that they entered into a definitive merger agreement, which includes a concurrent $125 million private placement investment with institutional investors to support the development of a combined pipeline expected to submit three investigational new drug applications (INDs) within 18 months of closing

Immunome is trading at $6.98, up $1.07 (+18.10%) 45.75K premarket shares traded.

Its 52-week range is $2.20 to $7.42. It looks like a new 52-week high is in its sights.

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