Innate Pharma : No surprises in Q1 results, pending the ASCO
>Financial visibility out to end-2025 - This morning, Innate Pharma published its top line and cash position for Q1 2024. The group does not yet generate recurring revenues, with revenues over the period largely stemming from the recognition of payments received from its partnerships with AstraZeneca and Sanofi coming in at € 6.6m (vs € 26m in 2023). The cash position at end-March 2024 was € 114m vs € 102.3m at end-December 2023 (without factoring in the € 4m still t...Innate 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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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