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HCW Biologics Secures $7 Mln Licence Deal For HCW11-006;Includes An Option For HCW9302; Stock Down

HCWB
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HCW Biologics received full payment of a $7.0 million upfront license fee from Beijing Trimmune Biotech for the development and commercialization of HCW. The cash inflow provides immediate non-dilutive funding to the clinical-stage immunotherapy developer and signals commercial interest in the program.

Analysis

HCW Biologics received full payment of a $7.0 million upfront license fee from Beijing Trimmune Biotech for the development and commercialization of HCW. The cash inflow provides immediate non-dilutive funding to the clinical-stage immunotherapy developer and signals commercial interest in the program.

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