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Inhibition of SHP-1 qualified prospects to activation of the immune system to combat cancer. Commenting on the agreements, Hans Loibner, CEO of Apeiron, said: This is a great collaboration for Apeiron. We regard the compounds formulated at Cleveland Clinic as an appealing opportunity being that they are made to activate the patient’s personal immune system. He added: Cleveland Clinic is a leading R&D institution and among the top hospitals in america. We have been motivated by the developments we have seen in regards to these novel compounds, and we hope these therapeutics will one day benefit patients, said Chris Coburn, Executive Director of Cleveland Clinic Innovations. No financial details are disclosed. Apeiron Biologics AG is certainly a privately financed Biotech firm based in Vienna.