Portage Biotech Shares Soar Over 212% in Premarket Activity After Announcing Entering Letter of Intent With Immunova

MT Newswires Live

2024/12/17

Portage Biotech Inc (PRTG) shares were soaring more than 212% in Tuesday's premarket activity after the clinical-stage immuno-oncology company said Tuesday it has entered into a letter of intent with biotech firm Immunova.

Financial terms weren't disclosed.

Under terms of the proposed deal, Portage and Immunova will negotiate a definitive option agreement for Immunova, or an affiliate, to acquire the entire share capital of Portage subsidiary iOx Therapeutics.

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