Pieris soars on $31M-plus check­point de­vel­op­ment deal; Lu­ca Santarel­li takes helm at Ther­a­chon

• Boston-based Pieris $PIRS has inked a deal to work with France’s Servi­er on some bis­pe­cif­ic check­point de­vel­op­ment pro­grams. The deal comes with a $31 mil­lion up­front and $338 mil­lion in mile­stones for their progress on PRS-332 plus up to $201 mil­lion in mile­stones for each of four oth­er pro­grams in the pack­age. The deal cov­ers five bis­pe­cif­ic ther­a­peu­tic pro­grams, led by Pieris’ PRS-332 pro­gram. Pieris shares shot up 27% on the news.

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