Indaptus Therapeutics Inc
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Health Care : Biotechnology |
Company profile

Indaptus Therapeutics, Inc. is a clinical biotechnology company. The Company is focused on enhancing and expanding curative cancer immunotherapy for patients with unresectable or metastatic solid tumors and lymphomas. It designs its approach by targeting specific tumor or viral antigens. Its lead candidate, Decoy20, through pre-clinical development. Its platform is based on the hypothesis that require anti-tumor immunotherapy to activate both innate and adaptive cellular immunity in both tumors and immune organs. Its approach uses multi-targeted package of bacterial pathogen-associated molecular patterns (PAMPs), in the form of attenuated and killed, intact but non-pathogenic bacteria delivered intravenously. Its intravenous therapeutic candidates target the liver, spleen, and leaky vasculature of tumors, producing immune activation in an immune organ, as well as a common site for primary and metastatic cancer and hepatitis B virus (HBV) infection.

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Comcast is 'more likely than not' to sell Hulu stake to Disney next year, CEO says

8:23 am ET May 17, 2023 (MarketWatch)

By Emily Bary

Comcast CEO Brian Roberts says it's 'no surprise' that Disney has a renewed interest in general entertainment content

The Hulu ownership saga between Walt Disney Co. and Comcast Corp. looks ever more likely to end with the most logical conclusion.

A week after Disney (DIS) Chief Executive Bob Iger showed a renewed appreciation for general entertainment content and said that the company would integrate Hulu content into the Disney+ app for joint subscribers, Comcast (CMCSA) Chief Executive Brian Roberts said it was quite probable Comcast would end up selling its one-third stake in the service early next year.

It's "more likely than not" that the companies will go through with "what we've said all along," Roberts said at an SVB MoffettNathanson conference Tuesday. In the "vast majority" of cases, he said, he sees Disney opting to buy out Comcast's stake in accordance with their put/call agreement. In this case, Disney would gain full ownership of the service.

"One thing I just want to say is part of the calculus of why I think that is probably the case is I think Disney recognizes, as anybody else would recognize, that Hulu is really valuable," Roberts said. "If you think about what happens in that put/call, it's what would a willing buyer in a robust auction pay."

Opinion: Disney shows streaming wars are destroying all that was good about streaming

With Hulu, Disney would get a streaming service with 50 million to 55 million-plus domestic subscribers, he added.

Roberts said it was "no surprise" that Iger and Disney are "now back interested in general entertainment."

Disney, which currently owns two-thirds of Hulu, and Comcast agreed in 2019 that Disney would have the option to buy out Comcast's stake as early as January 2024. The companies agreed that Hulu's fair-market value would be assessed by third-party experts but that Disney "has guaranteed a sale price for Comcast that represents a minimum total equity value of Hulu at that time of $27.5 billion," according to a 2019 release.

Roberts said Tuesday that Comcast has "a very valuable position" and that a sale of Hulu would "be good for our shareholders," while an alternative outcome would also be beneficial.

Iger's commentary last week marked a change in tone from February, when he said that "everything's on the table" as far as Hulu's ownership was concerned, meaning he wasn't opposed at the time to selling Disney's position.

-Emily Bary

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.


(END) Dow Jones Newswires

May 17, 2023 08:23 ET (12:23 GMT)

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