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Harbour BioMed Exercises Agreement to Buy Spruce Biosciences Common Stock

A license and collaboration agreement between Harbour and Spruce is centered around development of a novel monoclonal antibody.

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By: Patrick Lavery

Content Marketing Editor

Harbour BioMed announced its wholly owned subsidiary has exercised a warrant agreement to acquire common stock in Spruce Biosciences. As a result of the transaction, Harbour BioMed holds approximately 3.8% of Spruce’s total outstanding shares (3.1% of fully diluted shares of Spruce). Harbour BioMed’s current focus is the discovery and development of novel antibody therapeutics in immunology and oncology. Background on Stock Agreement Previously, the warrant had been issued to the wholly...

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