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BRIEF-Heat Biologics to acquire Pelican Therapeutics
March 8, 2017 / 12:45 PM / 9 months ago

BRIEF-Heat Biologics to acquire Pelican Therapeutics

March 8 (Reuters) - Heat Biologics Inc

* Heat Biologics Inc - acquisition brings $15.2 million cprit grant to fund 70-patient Phase I trial

* Heat Biologics announces agreement to acquire Pelican Therapeutics

* Heat Biologics Inc - co will cause Pelican to pay certain clinical and commercialization milestone payments, royalty and sublicensing income payments

* Heat Biologics Inc - in addition heat will also loan Pelican amounts sufficient to pay Pelican’s transaction expenses

* Heat Biologics Inc - acquisition is expected to close no later than April 30, 2017 Source text for Eikon: Further company coverage:

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