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All Over For iTeos But Applause For Plan To Return Cash Fast

 
• By Kevin Grogan

The company has moved quickly to wind down operations after its anti-TIGIT pact with GSK collapsed.

For Sale sign
• Source: Shutterstock

The decision by iTeos Therapeutics to wind down operations just a couple of weeks after the failure of its anti-TIGIT antibody belrestotug rather than hold on to considerable cash reserves until a buyer possibly comes along has gone down well with investors and analysts.

Key Takeaways
  • Analysts are impressed with the iTeos board’s desire to deliver near-term value to shareholders with the potential sale of its IP and assets by the end of Q3.

Shares in iTeos closed up 18% on 28 May to $10.06 after the firm announced its intention to wind down...

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