DGAP-News: Heidelberg Pharma AG / Key word(s): Alliance
Heidelberg Pharma Receives Milestone Payment from Partner Magenta
Ladenburg, Germany, 14 September 2020 - Heidelberg Pharma AG (FSE: HPHA) announced today that it has received a milestone payment from its cooperation partner Magenta Therapeutics, Cambridge, MA, USA, (Magenta) (NASDAQ: MGTA) associated with the initiation of the GLP toxicology study for the development candidate MGTA-117.
Prof. Andreas Pahl, CSO of Heidelberg Pharma AG, commented: "We are delighted that Magenta is advancing the program forward toward clinical trials for MGTA-117. MGTA-117, an antibody amanitin conjugate based on our ATAC technology, is intended to be developed for the targeted conditioning of patients undergoing stem cell transplants due to blood cancer or genetic diseases."
About Magenta Therapeutics
About Heidelberg Pharma's proprietary ATAC technology
About Heidelberg Pharma
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|Company:||Heidelberg Pharma AG|
|Phone:||+49 (0)89 41 31 38 - 0|
|Fax:||+49 (0)89 41 31 38 - 99|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1130805|
|End of News||DGAP News Service|