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-0.0123304562268804 -0.0123304562268804 -0.0123304562268804 -0.0123304562268804 0.0641183723797782 0.0480887792848336 0.0480887792848336 0.0480887792848336
Stock impact report

Sutro Biopharma Announces Extension of First Cytokine Derivative Research Program Under Collaboration with Merck

Sutro Biopharma, Inc. (STRO) 
Last sutro biopharma, inc. earnings: 11/8 07:00 am Check Earnings Report
Company Research Source: PR Newswire
SOUTH SAN FRANCISCO, Calif., March 12, 2020 /PRNewswire/ -- Sutro Biopharma, Inc. (NASDAQ: STRO), a clinical-stage drug discovery, development and manufacturing company focused on the application of precise protein engineering and rational design to create next-generation oncology therapeutics, today announced that Merck, known as MSD outside the U.S. and Canada, has extended the research term of the collaboration's first cytokine-derivative program by one year, which includes a payment to Sutro of an undisclosed amount. Sutro's collaboration with Merck was announced in July 2018 to develop therapeutics for cancer and autoimmune disorders."At Sutro, our proprietary and integrated cell-free protein synthesis and site-specific conjugation platform XpressCF+™ enables us to design and develop next-generation targeted product candidates by innovating beyond the constraints of cell-based systems," said Sutro CEO, Bill Newell. "The advancement of our novel cytokine-derivative product candida Show less Read more
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