Updated on 27 November 2013
"We believe that this IPO presents an opportunity to invest in an exciting new treatment for secondary progressive multiple sclerosis, which is a debilitating disease with no approved, effective ongoing treatment options," said Mr Simon Wilkinson, CEO, Innate Immunotherapeutics. "This is an investment that can help make an enormous difference to the lives of people afflicted by SPMS."
On successful completion of the phase 2B trial, expected in late 2015, the company strategy is to maximize the value of the technology through a major partnering or acquisition transaction. Pharmaceutical companies with existing drugs to treat early stage MS appear to be actively seeking drugs to treat SPMS and the company has engaged early and positively with these companies.