Logo

Immunome to Acquire Ayala Pharmaceuticals’ AL102 for the Treatment of Desmoid Tumors

Share this
Ayala

M&A

Immunome to Acquire Ayala Pharmaceuticals’ AL102 for the Treatment of Desmoid Tumors

Shots:

  • Immunome entered into a definitive agreement to acquire Ayala’s lead assets including AL102 for the treatment of Desmoid Tumors and related drug candidate AL101
  • Under the terms of the agreement, Ayala will receive a payment of $20M in cash and $30M in Immunome common stock at the closing of the transaction at a 30-day VWAP as of Feb 1, 2024 along with development and commercial milestone payments of $37.5M
  • AL102, a small molecule gamma secretase inhibitor, is currently being evaluated in a P-III (RINGSIDE) clinical trial in comparison with Ogsiveo (nirogacestat) among patients with desmoid tumors. Later in Nov 2023, the US FDA approved AL102 based on the results depicting clinically meaningful anti-tumor activity across multiple parameters

Ref: Immunome | Image: Ayala

Related News:- Ayala Pharmaceuticals Reports First Patient Dosing of AL102 in P-III (RINGSIDE) trial for the Treatment of Desmoid Tumors

PharmaShots! Your go-to media platform for customized news ranging for multiple indications. For more information connect with us at connect@pharmashots.com

Click here to­ read the full press release 

Shivani Chandra

Shivani was a content writer at PharmaShots. She has a keen interest in recent innovations in the life sciences industry. She was covering news related to Product approvals, clinical trial results, and updates. We can be contacted at connect@pharmashots.com.

Share this article on WhatsApp, LinkedIn and Twitter

Join the PharmaShots family of 12000+ subscribers

I accept the Terms and Conditions