October 20, 2014 / 11:39 AM / 3 years ago

NewLink in $1 bln deal with Roche to develop cancer drug

Oct 20 (Reuters) - NewLink Genetics Corp said it entered into a licensing agreement with Roche Holding AG to develop NewLink’s cancer immunotherapy, making the Ebola vaccine developer eligible to receive over $1 billion in milestone payments.

NewLink’s shares jumped nearly 26 percent before the bell on Monday.

Immunotherapies are a class of drugs designed to help the body’s own immune system fend off disease. (Reporting by Natalie Grover in Bangalore; Editing by Saumyadeb Chakrabarty)

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