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Innate Pharma Regains Its Rights on CD123 Targeting ANKET® and Announces Sanofi's Intention to Make a Strategic Investment in the Company

1. Sanofi will pursue development of SAR'514/IPH6401 for autoimmune diseases. 2. This decision aligns with Innate's strategic priorities and 2016 License Agreement.

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Why Bullish?

Sanofi's focus on specific development areas may enhance IPHA’s valuation, reflecting a targeted growth strategy similar to other biotech firms that succeeded after strategic pivots.

How important is it?

The decision indicates a strategic alignment with long-term objectives, suggesting that value creation efforts are ongoing, making it significant for investors in IPHA.

Why Long Term?

The long-term development of SAR'514/IPH6401 could establish new revenue streams, as seen in similar biotech advancements that took years to materialize into robust market positions.

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MARSEILLE, France--(BUSINESS WIRE)-- #ANKET--Regulatory News: Innate Pharma SA (Euronext Paris: IPH; Nasdaq: IPHA) (“Innate” or the “Company”) today announce review of their January 2016 Research Collaboration and License Agreement (the “2016 Agreement”) with Sanofi: As previously disclosed and in alignment with its current strategic priorities, Sanofi will opt to pursue the development of SAR'514/IPH6401 (BCMA ANKET®) in autoimmune indications under the terms of the 2016 License Agreement; In alignment.

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