Norway biotech Ultimovacs plans IPO to develop cancer drug [Reuters (UK)]
Merck & Company, Inc. (new) (MRK)
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Source: Reuters
Norway biotech Ultimovacs plans IPO to develop cancer drug | Reuters 3 Min Read OSLO (Reuters) - Norway’s Ultimovacs plans to raise around 700 million Norwegian crowns ($82 million) in an initial public offering in early 2019 to help fund the development of its immunotherapy cancer drug. “Our main investors are positive and will take a significant part of the amount we hope to raise,” Chief Executive Oeyvind Kongstun Arnesen told Reuters in an interview. Ultimovacs hopes to first get the go-ahead to expand a U.S. trial launched earlier this year to test whether its UV1 vaccine candidate can combat malignant melanoma in combination with Merck & Co’s ( MRK.N ) top-selling cancer treatment Keytruda. “We are planning the IPO as early as possible in the first half of 2019 and we are optimistic about the outcome,” he said. Among the top owners of the seven-year old firm are Norwegian billionaire investors Stein Erik Hagen and Bjoern Rune Gjelsten as well as two firms founded by Norwegian
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MRK
Earnings
- 4/25/24 - Beat
MRK
Sec Filings
- 4/25/24 - Form 8-K
- 4/11/24 - Form ARS
- 4/11/24 - Form DEFA14A
- MRK's page on the SEC website