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Mosaic ImmunoEngineering, Inc. has agreed to acquire certain clinical necroptosis cancer therapy assets from Oncotelic Therapeutics, Inc. The acquisition includes cancer and ocular disease programs, regulatory and clinical packages, and access to Oncotelic's AI platform for identifying immunotherapy combinations. The deal involves issuing Oncotelic shares of Mosaic common stock valued at $15.0 million, with potential additional shares worth up to another $15.0 million based on milestones. The Mosaic team will be responsible for advancing the development of the technologies, with both companies working together to ensure a smooth transfer of assets. The transaction is subject to due diligence and shareholder approval.
