Arecor Therapeutics plc
(“Arecor” or the “Company”)
INHIBRX MILESTONE TRIGGERS PAYMENT TO ARECOR UNDER LICENSE AGREEMENT
Cambridge, UK, 2 November 2023. Arecor Therapeutics plc (AIM: AREC), the biopharmaceutical company advancing today’s therapies to enable healthier lives, announces the triggering of a milestone payment from Inhibrx Inc. (“Inhibrx”), for a novel enhanced formulation of INBRX-101, developed by Arecor using the Company’s patented technology, Arestat™, under a license agreement entered into by the two companies in December 2020.