Medivir’s partner IGM Biosciences announces strategic pipeline prioritization to extend its cash runway
Stockholm, Sweden — Medivir AB (Nasdaq Stockholm: MVIR), a pharmaceutical company focused on developing innovative treatments for cancer in areas of high unmet medical need, announced today that its partner, IGM Biosciences, has communicated a strategic pipeline prioritization and reduction of workforce with the key aim of extending its cash runway in a challenging financial climate. In the announcement by IGM, a number of its programs are impacted by this pipeline prioritization, including the combination of IGM’s DR-5 agonist, aplitabart and birinapant, which IGM licensed from