Sept 15th->
Lava Therapeutics initiated with an Outperform at JMP Securities 09/15 LVTX JMP Securities analyst Reni Benjamin initiated coverage of Lava Therapeutics with an Outperform rating and $6.00 price target. The company's lead asset, LAVA-051, is generating encouraging early-stage clinical data in CLL and MM, while its second asset, LAVA-1207, has shown activity in preclinical models of prostate cancer and is being evaluated in Phase 1 clinical trials, the analyst tells investors in a research note. Benjamin adds that Lava Therapeutics shares represents a unique investment opportunity, with 19% potential downside
and 428% potential upside.
Sept 26th->
Seagen, Lava Therapeutics announce exclusive LAVA-1223 license agreement 09/26 SGEN, LVTX Seagen (SGEN) and Lava Therapeutics (LVTX) announced an exclusive license agreement in which Seagen will work to develop, manufacture and commercialize LAVA-1223. LAVA-1223 is an advanced preclinical asset that utilizes LAVA's proprietary Gammabody technology to target epidermal growth factor receptor, or EGFR-expressing solid tumors. Under the terms of the agreement, Seagen will receive an exclusive global license for LAVA-1223 and pay LAVA $50M upfront; up to approximately $650M in potential development, regulatory and commercial milestones; and royalties ranging from the single digits to the mid-teens on future sales. The agreement also provides Seagen with the opportunity to exclusively negotiate rights to apply LAVA's proprietary Gammabody platform on up to two additional tumor targets.
Ok that's a 3rd compound! 1223 and they got $50 mln!
STOCK was $2.46 and ZOOMED To $4.60!
Corrected to $3.30 and now is $4.26.