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@Ok_West_5560 7 months ago

INKT gets $1.1m non-dilutive funding for pediatric cancer therapy

INKT gets $1.1m non-dilutive funding for pediatric cancer therapy

MiNK Therapeutics (INKT) reached a partnership agreement with C-Further, a pediatric oncology consortium. They are receiving about $1.1 million in non-dilutive funding to develop an off-the-shelf cell therapy for pediatric cancers targeting the PRAME antigen. The deal includes a double-digit share of potential future commercial revenue for MiNK. The agreement is non-exclusive, so the company keeps the rights to use its platform for other projects. Researchers at the University of Southampton will handle the preclinical studies to prep the therapy for human trials.
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@CopyRemarkable14 7 months ago

Non-dilutive funding is always a plus for small biotech. It lets them advance research without issuing more shares, while still keeping upside if the therapy eventually reaches commercialization.