PRTG - Portage Biotech Completes Monetization of Intensity Therapeutics (INTS) shares | Benzinga
WESTPORT, Conn., March 26, 2024 (GLOBE NEWSWIRE) -- Portage Biotech Inc. (NASDAQ:PRTG), a clinical-stage immuno-oncology company advancing novel multi-targeted therapies for use as monotherapy and in combination, today reported that it has completed selling its equity holding in Intensity Therapeutics (NASDAQ:INTS).
Portage was an early INTS investor and during the past few months, Portage has been able to monetize its equity holdings in INTS and bring in proceeds, net of related expenses, totaling $2.8M of non-dilutive funding. The Company will use the proceeds to further fund its PORT-6 Phase 1a portion of the ADPORT-601 trial. "The Company looks forward to submitting interim data from the Phase 1a portion of ADPORT-601 (PORT-6) to the 2024 American Society of Clinical Oncology (ASCO) Annual Meeting in June and final data on the primary endpoints and any available data on secondary endpoints to the 2024 Society for Immunotherapy of Cancer (SITC) Annual Meeting in November," said Dr. Ian Walters, Chief Executive Officer, and Chairman of Portage Biotech. "We are excited with the potential of the Company's adenosine platform ...