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Monday, March 23, 2020

Innate Pharma up 39% premarket on potential use of cancer drug for Covid-19

Thinly traded micro cap Innate Pharma S.A. (NASDAQ:IPHA) jumps 39% premarket on modest volume in apparent reaction to an article in Nature from a group of Chinese scientists that the number of certain immune cells, T lymphocytes and natural killer cells, decrease significantly in patients with SARS-CoV-2 infection with increased expression of a receptor called NKG2A. In recovering patients, however, the numbers of NK and CD8+T cells were restored with reduced expression of NKG2A.
The company’s lead drug monalizumab, in Phase 2 development for the treatment of a range of cancers, is a humanized IgG4 antibody that binds to (inhibits) the NKG2A receptor, allowing the activation of NK and T cell responses, hence its potential in treating COVID-19.
AstraZeneca (NYSE:AZN) in-licensed exclusive global oncology rights in October 2018.
https://seekingalpha.com/news/3554139-innate-pharma-up-39-premarket-on-potential-use-of-cancer-drug-for-covidminus-19

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