RE: For what it’s worth25 Oct 2024 07:44
Monopar:
Monopar Therapeutics' market value nearly tripled Thursday after the biotechnology company agreed to license a treatment for patients with a rare genetic condition from AstraZeneca unit Alexion.
Shares of the Wilmette, Ill., company were recently up 199% at $13.87, and are now more than five times higher than they were at the start of the year.
Monopar agreed to license the ALXN-1840 drug candidate for an up-front payment comprised of undisclosed amounts of cash and equity, plus future royalties and milestone payments.