Innate Pharma Sa Stock Price, News & Analysis

Innate Pharma (Euronext: IPH; Nasdaq: IPHA) announced its total number of shares outstanding as of February 1, 2021. The company has 78,989,740 ordinary shares, including 6,856 Preferred Shares from 2016 and 7,581 from 2017. The total number of theoretical voting rights is 79,799,621, while the exercisable voting rights stand at 79,781,046. This disclosure complies with French regulation and emphasizes Innate Pharma's commitment to keeping investors informed regarding shareholding positions and governance.

Innate Pharma SA (Euronext: IPH, Nasdaq: IPHA) announced that its senior management will participate in the 10th Annual SVB Leerink Global Healthcare Conference from February 24-26, 2021. A fireside chat is scheduled on February 24 from 2:00-2:30 p.m. CET / 8:00-8:30 a.m. ET. The event will be available via live webcast on the company's website, with a replay accessible for 90 days post-event. Innate Pharma focuses on oncology and uses therapeutic antibodies to enhance cancer treatment, collaborating with major biopharmaceutical companies.

Innate Pharma SA (Nasdaq: IPHA) announced significant progress in clinical development for lacutamab, an anti-KIR3DL2 antibody targeting T-cell lymphomas. The KIR3DL2-expressing mycosis fungoides cohort in the TELLOMAK trial has advanced to Stage 2 ahead of schedule, with preliminary positive results prompting further recruitment. Additionally, two new trials will investigate lacutamab's efficacy in peripheral T-cell lymphoma, including a Phase 2 study in collaboration with LYSA. These developments suggest a strategic push into earlier lines of therapy and enhancement of treatment options for patients.

Innate Pharma will host a virtual key opinion leader (KOL) discussion on February 9, 2021, at 2:00 p.m. CET / 8:00 a.m. ET, focusing on its investigational drug lacutamab for T-cell lymphomas. Presentations will be made by notable KOLs, including Pierluigi Porcu and Olivier Hermine, highlighting the drug's impact and clinical trials. The event is accessible via webcast, with registration required for dial-in details. Lacutamab targets KIR3DL2, present in a significant percentage of patients with cutaneous T-cell lymphoma, a challenging orphan disease.

Innate Pharma SA (Euronext: IPH; Nasdaq: IPHA) announced the progression of IPH6101/SAR443579, an NKp46-based NK cell engager, into IND-enabling studies by Sanofi. This decision triggers a €7M milestone payment to Innate. The drug candidate has shown promising anti-tumor activity in pre-clinical models, including positive pharmacokinetic and safety data. Sanofi will lead future development and commercialization. This milestone is part of a collaboration allowing Innate to earn up to €400M in future development and commercial milestones.

Innate Pharma announced that Sanofi will advance the NKp46-based NK cell engager, IPH6101/SAR443579, into IND-enabling studies. This decision triggers a €7M milestone payment to Innate. The drug candidate has shown anti-tumor activity and promising safety data in non-human primate studies. Sanofi will handle ongoing development and commercialization. The collaboration could yield up to €400M in milestone payments and royalties for Innate. This development marks a significant step in the application of Innate’s proprietary multi-specific antibody technology in cancer therapy.

Innate Pharma announced its participation in two upcoming virtual investor conferences. The ODDO BHF Digital Forum will take place from January 7-11, 2021, and the SternIR Virtual Corporate Access Event from January 11-14, 2021. A pre-recorded presentation will be accessible on-demand starting January 11, 2021, on their website. Innate Pharma focuses on oncology and aims to enhance treatment outcomes through innovative therapeutic antibodies. The company is recognized for its alliances with major biopharmaceutical leaders and has a robust pipeline of clinical candidates.

Innate Pharma SA (Euronext: IPH; Nasdaq: IPHA) announced it will return US and EU commercialization rights of Lumoxiti to AstraZeneca due to low product sales and strategic reassessment. The transition plan includes costs and transfer logistics, with the goal of completing the handover by 2021. The company will maintain patient and customer support during the transition but will cease regulatory activities in the EU. As of June 30, 2020, Lumoxiti's net book value stood at €45.2 million. Innate aims to refocus investments on its R&D portfolio for future growth.

Innate Pharma announced on December 11, 2020, that it will cease commercialization of Lumoxiti in the US and EU, returning these rights to AstraZeneca. The decision stems from lower-than-expected sales and the impact of the COVID-19 pandemic, prompting Innate to refocus its investments on R&D. A transition plan is set to ensure Lumoxiti's availability during the handover, with commercialization responsibilities returning to AstraZeneca in 2021. As of June 30, 2020, Lumoxiti's intangible assets were valued at €45.2 million.