Medivir enters into exclusive licensing agreement with IGM Biosciences for birinapant
- Medivir to Receive an Upfront Payment, as Well as Milestone Payments and Royalties- IGM to Develop Birinapant in Combination with IGM-8444 for the Treatment of Solid TumorsStockholm — Medivir AB (publ) (Nasdaq Stockholm: MVIR) today announced that it has entered into an exclusive licensing agreement, through which IGM Biosciences, Inc. (Nasdaq: IGMS), will receive global, exclusive development rights for birinapant, a clinical-stage SMAC mimetic that binds to and degrades Inhibitors of Apoptosis Proteins (IAPs), leading to cell death (apoptosis) in tumor cells. The combination of IGM-