Innate Pharma Q3 2024 update
Innate Pharma reported has reported Q3 2024 results, basically confirming unchanged cash reach to end-2025 on a net cash position at EUR96.4m exiting Q3 2024 (in-line with consensus) and 9M 2024 revenue at EUR10.2m (EUR8.3m in H1 2024).More importantly, the company provided an update on its pipelinInnate Pharma S.A. is a biopharmaceutical Company developing immunotherapy drugs for cancer and inflammatory diseases. Co. specializes in the development of new monoclonal antibodies targeting receptors and pathways controlling the activation of innate immunity cells. Also, Co. has three product-candidates resulting from its research platform are being tested in clinical trials; two of these by Co.'s partners, Bristol-Myers Squibb and Novo Nordisk A/S. Co. focuses on immunopharmacology and antibody technology. Co. has a panel of molecular and cellular assays and in vivo models for assessing the pharmacodynamics, the pharmacotoxicology and efficacy of drug candidates.
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