Innate Immunotherapeutics likely to shutter, CEO says

Rep. Chris Collins, R-N.Y., is the largest shareholder of Innate Immunotherapeutics.


he little Australian biotech firm that once counted U.S. Health and Human Services Secretary Tom Price as a shareholder — a link that roiled his Senate confirmation hearing last winter — is facing closure, the company has told shareholders.

Innate Immunotherapeutics will probably shut down in the coming months, CEO Simon Wilkinson said at the company’s annual meeting Wednesday, The Australian, a news outlet, reported.



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