France's Innate Pharma SA has bounced back from last year's R&D disappointments with an expanded, multi-layered oncology development collaboration with AstraZeneca PLC, which will see the UK-based big pharma gaining rights or access to several promising immuno-oncology candidates from Innate including monalizumab, and Innate Pharma taking a license to AstraZeneca's rare oncology disease product, Lumoxiti (moxetumomab pasudotox-tdfk) to further its own US and EU commercial ambitions.
Investors responded positively to the news, with Innate's Euronext price rising initially by 35% to €6.50 on Oct. 23, 2018, when the expanded deal was revealed
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