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MEI Shares Rise After Entering Asset Purchase Agreement Valued at Up to $62 Million

By MarketWatch   |   Oct 25, 2024 at 05:54 PM EST
MEI Shares Rise After Entering Asset Purchase Agreement Valued at Up to $62 Million

MEI Pharma's stock surged by 30% in after-hours trading after signing a $62 million deal with Aardvark Therapeutics. The agreement involves selling rights to ME-344, a novel drug candidate for solid tumors, with potential milestone payments.

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