Hookipa Pharma achieves $5M milestone payment from Gilead

HOOKIPA Pharma (HOOK) announced that it has achieved a $5M non-dilutive milestone payment under its collaboration agreement with Gilead Sciences (GILD). HOOKIPA completed and delivered a regulatory support package for Gilead’s Phase 1 clinical trial of an investigational therapeutic vaccine for chronic hepatitis B using HOOKIPA’s arenaviral platform. The first participant in the Phase 1 clinical trial is expected to be dosed in 2023. "We’re proud of our team for achieving this milestone in our collaboration with Gilead and excited that the hepatitis B candidate is progressing to the clinic," said Joern Aldag, Chief Executive Officer. "Chronic hepatitis B infection remains an area of considerable unmet need, and we look forward to seeing the potential impact of our novel arenaviral platform as a component of care."