Mid Atlantic Bio Angels Portfolio Company Reaches

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
Mid Atlantic Bio Angels Portfolio Company Reaches Significant Milestone

NEW YORK, Nov. 6, 2015 (GLOBE NEWSWIRE) -- Mid-Atlantic Bio Angels (MABA) announces today that Immunomic Therapeutics, Inc. (Immunomic or the company), a company that obtained early investment from MABA members, has inked an exclusive worldwide licensing deal with Astellas Pharma Inc. to develop and commercialize its LAMP-vax platform portfolio for treatment of human allergies.

The deal brings an up front payment of $300M for Immunomic in addition to a 10 percent royalty on all future net sales. This agreement is in addition to the up to $70M the company will receive from Astellas for its license of the company's Japanese cedar allergy product. This license agreement reflects a significant increase in company value since the MABA members' initial investment.

"Mid Atlantic Bio Angels is an organization of early stage investors who are looking for true innovation in the biotech space. Immunomic's case for its LAMP-vax platform showed tremendous potential in both its scientific approach and potential commercialization. This deal exemplifies that potential, and we look forward to seeing Immunomic's continued success," said Yaniv Sneor, MABA Co-Founder and President of Blue Cactus Consulting.

Immunomic's announcement of the licensing deal can be found at: http://www.immunomix.com/news-press/ .

About Mid Atlantic Bio Angels

Mid Atlantic Bio Angels ( http://bioangels.net ) is a group of active angel investors, which meets in New York City monthly (except July and August) solely to hear from pre-screened early-stage life science companies. MABA members consist of individuals from Delaware to Massachusetts with significant expertise and experience in the biotechnology, pharmaceutical and healthcare industries, including former and current corporate executives, doctors and Ph.D. scientists with product development backgrounds, successful medical entrepreneurs and analyst/investors focused on life sciences. MABA's goal is to create an environment where the depth of investors' knowledge coupled with the pre-screening of presenting companies enhances the potential for meaningful investment.

Jules Abraham JQA Partners, LLC 917-885-7378

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Icahn Faces $225M Q3 Loss, But CVR Deal Shines

Updated Category News Views 30

Icahn Enterprises Stumbles in Q3, Losses Widen When a company's financial report starts with a loss, it's like stepping into a bar fight expecting cheers—you’re bound to get more than you bargained for. Icahn Enterprises L.P.'s third quarter report isn't exactly a rosy picture. We're staring down the barrel of a net loss of $225 million, a sharp contrast to the $287...

Continue Reading
Linker Vision's AI Platform Boosts Urban Planning

Updated Category News Views 72

Now, I've seen a fair share of tech rollouts claiming to change the world, but Linker Vision’s new AI platform, Linker AI Nexa, might actually be onto something real here. Revealed at the Smart City Expo World Congress 2026 in Barcelona, this isn't just another pretty interface—it’s packing some serious firepower with NVIDIA tech. Bringing Physical AI to City...

Continue Reading
SWFI's I20 Summit Spotlights 3,000 Promising Start-Ups

Updated Category News Views 70

Spotlight on Emerging Titans: The Future 100 Watchlist The Sovereign Wealth Fund Institute is rattling the investment cages with their latest stunt, the 'Future 100 Watchlist.' Hot off the press, this list is parading nearly 3,000 start-ups that are biting at the heels of future success. It's high stakes and higher hopes between December 11-16 at Miami's I20 Summit, where...

Continue Reading
Speakeasy Dispensary Brings Medical Cannabis to Maysville

Updated Category News Views 33

New Chapter for Maysville: Speakeasy Opens Doors Normally, you'd think of medical cannabis expansions as dry numbers and policies, but with Speakeasy Dispensary making its mark in Maysville, it's not just about business; it's a service to the community. Nestled into 317 W 2nd St, this is more than a simple retail spot. It's about bringing medical options straight to the...

Continue Reading
Neera Tanden's Progressive Vision for 2027 and Beyond

Updated Category News Views 16

Neera Tanden Sets the Stage for 2027 When it comes to politics, everyone’s got their two cents, but Neera Tanden’s unpacking a whole piggy bank of progressive dreams. Set against the backdrop of a freshly reshuffled Congress post-midterms, she’s poised to dish out her roadmap for the future at the National Press Club on November 9. A Gathering of Minds This ain't...

Continue Reading
Synova Global Taps Eventus for Top Trade Surveillance

Updated Category News Views 89

Synova and Eventus: A Powerful Partnership If you've ever traded a share or two, you know the name of the game is risk management. Step into Synova Global's latest move, and you'll see a gamble worth watching closely. This time around, Synova has tapped Eventus to bring their Validus trade surveillance platform into the fold. Now, Eventus and its star player, Validus,...

Continue Reading
M-tron Industries Gears Up for Sonoma Investor Meetings

Updated Category News Views 13

Investors ready for solid insights from M-tron The quiet whispers of impending deals and candid discussions are what really fuel the grind of stock market exchanges. Come November 16, at the Raymond James Investor-Led Sonoma Small Cap Symposium, you can bet your last nickel that M-tron Industries, Inc. (NYSE American: MPTI) will be making waves by doling out their future...

Continue Reading
BAIC FOTON Expands With New Trucks in Africa

Updated Category News Views 88

Innovation in African Mobility Amidst the sparse horizons of Port Elizabeth, South Africa, BAIC FOTON is shifting gears in a big way. They've rolled out a duo of heavy-duty trucks—the GALAXUS R5 and C5—and topped it off with the TUNLAND V PHEV plug-in hybrid pickup. On October 29, the Africa Regional Partner Conference buzzed with talk of 'Driving to Great,' signaling...

Continue Reading
DUPR Teams Up with InBody to Elevate Pickleball Fitness

Updated Category News Views 48

Well, here's a twist in the pickleball world—DUPR and InBody have struck a deal to bring top-notch body composition tech to the ever-expanding universe of pickleballers. They're merging power players from two different worlds to tap into your performance on the court and your wellness off it. Maybe I'm just jaded from too many marketing pitches, but this one could...

Continue Reading
PATEO Drives In-Car AI Forward with NVIDIA Power

Updated Category News Views 97

Revolutionizing In-Vehicle AI with Big Names Boy, driving ain't what it used to be, and PATEO's latest adventure has a lot to do about it. They've hooked up with some major players like NVIDIA and ByteDance to really shake up the in-car AI scene. We're not just talking bells and whistles, but a true reinvention trying to blend AI straight into our daily grind on the road....

Continue Reading
lass="blog__more"> More News Articles