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Final payment funds newly-launched oncology and hematology-focused company
January 13, 2017
By: Kristin Brooks
Managing Editor, Contract Pharma
Aptevo Therapeutics Inc. has received a $20 million payment from Emergent BioSolutions pursuant to a promissory note granted as a result of the spin-off of Aptevo from Emergent last August. Emergent has provided a total of $65 million in cash contributions to fund Aptevo’s operations as a newly-launched oncology and hematology-focused company. Aptevo has a pipeline of commercial, clinical and preclinical assets and a bispecific technology platform, ADAPTIR, focused on the development of immu...
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