Four of the five trials are nearing completion - should Novartis move any of these trials to a phase 2b/3 then this would be significant validation of Lag-3.
By association, Immutep's in-house trial programs with Merck (and Pfizer) could add significant value to Immutep's current market cap.
May also open up other doors for new non-dilutive capital, example - "Pfizer Breakthrough Growth Initiative will invest up to $500 million across a portfolio of clinical-stage biotechnology companies"
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