Scopus BioPharma Adds Oligonucleotide Cancer Therapeutics With Olimmune Acquisition

Scopus BioPharma Inc (NASDAQ:SCPS) has acquired Los Angeles-based Olimmune Inc for an undisclosed amount. Olimmune is a developer of oligonucleotide immunotherapies for treatment-resistant…
  • Scopus BioPharma Inc (NASDAQ:SCPS) has acquired Los Angeles-based Olimmune Inc for an undisclosed amount.
  • Olimmune is a developer of oligonucleotide immunotherapies for treatment-resistant and metastatic cancers. 
  • Olimmune’s lead drug candidate, OLIM-01, is being developed for genitourinary and head and neck cancers. INDs for these indications will be submitted by Q1 of 2023.
  • Olimmune has exclusive, worldwide licenses to certain patents from the City of Hope to develop and commercialize CpG-STAT3ASO and CpG-STAT3decoy.
  • Price Action: SCPS shares are down 1.12% to $7.05 during the market session on the last check Wednesday.
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