Here’s why the Immutep (ASX:IMM) share price is climbing today

The Immutep Ltd (ASX: IMM) share price is climbing in late-morning trade after announcing a new European patent grant. At the time of writing, the biotechnology company’s shares are swapping hands for 44 cents, up 2.35%.

What was announced?

Investors are pushing Immutep shares higher after digesting the company’s positive update.

According to its release, Immutep advised that it has been granted a patent to add to its portfolio. Approved by the European Patent Office, the latest addition will seek to further protecting Immutep’s intellectual property.

The new patent is titled, ‘Combination therapies comprising antibody molecules to…