Checkmate raises proceeds of $75 million in IPO
Intention to use part of the net proceeds from the IPO to fund the development of its product candidate CMP-001, an asset Checkmate has in-licensed from Kuros
Kuros eligible to receive up to $56 million in development and regulatory milestone payments and royalties of high single-digit to low teens percentages on future annual net sales of CMP-001
Kuros Biosciences, a leader in next generation bone graft technologies, notes the successful initial public offering (IPO) on NASDAQ (NASDAQ: CMPI) of Checkmate Pharmaceuticals, which has licensed CMP-001, formerly known as CYT003, from Kuros.
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