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Portage Biotech's stock triples as potential deal with Immunova for its iOx Therapeutics subsidiary advances.
Portage Biotech's stock surged 200% to $9.14 amid a potential deal with Immunova LLC for the acquisition of Portage's subsidiary, iOx Therapeutics.
The Letter of Intent sets up negotiations for Immunova to acquire iOx, which specializes in developing liposomal iNKT agonists, including its lead candidate, PORT-2, showing promise in phase 2 trials for cancer treatments.
The deal is subject to further negotiations and approvals.
4 months ago
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