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Sanofi invests $25M in Adagene to advance colorectal cancer immunotherapy research.
Adagene, a biotech firm, received a $25 million investment from Sanofi to advance cancer immunotherapy research, particularly for a treatment called muzastotug in colorectal cancer trials.
The investment will help fund Adagene's operations through 2027 and expand their collaboration on new drug development.
Shares of Adagene rose 9.74% to $2.14 in pre-market trading.
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Sanofi invierte $25M en Adagene para avanzar en la investigación de inmunoterapia para el cáncer colorrectal.