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Stock Market & Financial Investment News

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December 3, 2012
16:25 EDTTINYHarris & Harris names Patricia N. Egan as CFO, effective January 1
Harris & Harris Group announces that it has appointed Patricia N. Egan as CFO, effective January 1, 2013. Egan has served as Chief Accounting Officer, as a vice president and as senior controller since June 2005.
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February 11, 2016
07:08 EDTTINYSource Capital Group to hold a conference
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February 3, 2016
09:32 EDTTINYHarris & Harris, Mersana Therapeutics, expand partnership with Technip
Harris & Harris notes the announcement by its portfolio company, Mersana Therapeutics, that Mersana and Takeda Pharmaceutical have entered a new strategic partnership granting Takeda rights to Mersana's lead product candidate, XMT-1522, outside the United States and Canada. The deal also expands an existing collaboration between the companies to provide Takeda with additional access to Mersana's Fleximer antibody-drug conjugate, or ADC, platform and grants Mersana an option at the end of Phase 1 to co-develop and co-commercialize one of these programs in the United States. In addition, the companies will co-develop new payloads for use with ADCs. XMT-1522 is an investigational, Fleximer-based ADC therapy that targets HER2-expressing tumors, including breast, gastric and non-small cell lung cancers. Mersana will receive an upfront payment of $40M and an additional payment of $20M upon clearance of the IND for XMT-1522 by the FDA. Subject to the success of the XMT-1522 and ADC programs, Mersana is eligible to receive milestone payments of more than $750 million combined, as well as royalties. Takeda will also invest up to $20M in equity in future rounds of Mersana financing.

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