Cancer Focus Fund To Finance Mereo's Ovarian Cancer Study With Etigilimab

by Vandana Singh, Benzinga Editor

April 30, 2021 9:24 AM | 1 min read | Make a Comment

Cancer Focus Fund LP, established in collaboration with The University of Texas MD Anderson Cancer Center and Mereo BioPharma Group plc MREO, has entered into a funding agreement.
The partnership will support a Phase 1b/2 clinical study of etigilimab combined with an anti-PD-1 antibody in clear cell ovarian cancer to be conducted at MD Anderson.
Cancer Focus Fund will finance the study in exchange for upfront consideration of $1.5 million of Mereo shares and additional payments based on the achievement of certain milestones.
Price Action: MREO shares are down 0.23% at $3.6 in the premarket trading on the last check Friday.

Posted In: Biotech News Penny Stocks Health Care Financing Small Cap General Briefs Ovarian Cancer

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