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Leap Therapeutics Acquires Flame Biosciences

Leap Therapeutics Acquires Flame Biosciences

01/17/23, 1:10 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgcambidge
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgnew york
Leap Therapeutics, Inc. (Nasdaq:LPTX), a biotechnology company focused on developing targeted and immuno-oncology therapeutics, and Flame Biosciences, Inc., a privately-held biotechnology company, today announced that the companies have entered into a definitive merger agreement pursuant to which Leap has acquired Flame and its assets, including FL-301, its clinical stage anti-Claudin18.2 monoclonal antibody, FL-302, its preclinical anti-Claudin18.2/CD137 bispecific monoclonal antibody, FL-501, its preclinical anti-GDF15 monoclonal antibody, and net cash of approximately $50 million as of December 31, 2022.

Company Info

Company
Leap Therapeutics
Location
Cambidge, Massachusetts, United States
Company info
Leap Therapeutics (NASDAQ: LPTX) is a clinical-stage biopharmaceutical company acquiring and developing novel therapeutics at the leading edge of cancer research. For more information about Leap Therapeutics, visit http://www.leaptx.com or our public filings with the SEC that are available via EDGAR at http://www.sec.gov or via http://www.investors.leaptx.com.

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