Welcome to our dedicated page for Igm Biosciences news (Ticker: IGMS), a resource for investors and traders seeking the latest updates and insights on Igm Biosciences stock.
IGM Biosciences, Inc. (IGMS) generates news primarily through its clinical-stage biotechnology activities and corporate transactions. The company has described itself as focused on developing engineered IgM-based therapeutic antibodies, including T cell engaging IgM antibodies, for cancer and autoimmune and inflammatory diseases. Its updates often cover progress in clinical trials, strategic shifts in its pipeline, collaboration developments and significant corporate events.
News items have detailed the advancement of key product candidates such as imvotamab, a CD20 x CD3 bispecific IgM T cell engager antibody studied in autoimmune indications including rheumatoid arthritis, systemic lupus erythematosus and idiopathic inflammatory myopathies, and IGM‑2644, a CD38 x CD3 T cell engager antibody in development for autoimmune diseases. Other releases have described clinical studies of aplitabart (also referred to as IGM‑8444), a death receptor 5 agonist evaluated in combination regimens for metastatic colorectal cancer, along with enrollment milestones and trial design features.
Corporate news has included a strategic pivot to focus exclusively on autoimmunity, with an associated pipeline transformation and workforce changes, followed by a later decision to halt further development of imvotamab and IGM‑2644 for autoimmune diseases and to explore internal options and strategic alternatives. IGM Biosciences has also issued announcements about its exclusive worldwide collaboration agreement with Sanofi on IgM antibody agonists for immunology and inflammation targets and other collaborations with biotechnology partners.
A major development in the company’s news flow is the announcement of a definitive merger agreement under which Concentra Biosciences, LLC will acquire IGM Biosciences through a cash tender offer and subsequent merger, with IGM Biosciences becoming a wholly owned subsidiary of Concentra. For readers following IGMS, the news stream provides context on the evolution of the company’s IgM antibody pipeline, its strategic decisions and the transaction that led to its acquisition.
IGM Biosciences (Nasdaq: IGMS) has established two new business units: IGM Infectious Diseases and IGM Autoimmunity and Inflammation. This strategy aims to expand their focus beyond oncology, leveraging their novel IgM and IgA antibodies technology. Appointments include John Shiver as Chief Strategy Officer and Tong-Ming Fu as Chief Scientific Officer for the Infectious Diseases unit, while Mary Beth Harler becomes President of the Autoimmunity and Inflammation unit. This move aims to develop therapies targeting multiple disease areas.
IGM Biosciences announced its participation at the 2021 Cantor Virtual Global Healthcare Conference scheduled for September 29, 2021, at 3:20 p.m. EDT. The live presentation will be accessible via a webcast on the company’s website, specifically in the Investors section. IGM Biosciences is focused on developing engineered IgM antibodies and has created a proprietary platform since its establishment. A replay of the event will be available for 90 days post-presentation.
IGM Biosciences, Inc. (Nasdaq: IGMS), a clinical-stage biotechnology firm, announced participation in three investor conferences: the Citi 16th Annual BioPharma Virtual Conference on September 9, the Morgan Stanley 19th Annual Global Healthcare Conference on September 13 at 2:45 p.m. EDT, and Baird’s 2021 Global Consumer, Technology & Services Conference on September 14 at 2:35 p.m. EDT. A live webcast of the Morgan Stanley chat will be available on the company’s website, with a replay archived for 90 days.
IGM Biosciences reported its Q2 2021 financial results, revealing a net loss of $38.7 million, or $1.16 per share, compared to a loss of $18.8 million, or $0.62 per share in Q2 2020. Cash and investments totaled $301.8 million at the end of June 2021, a decline from $366.3 million at year-end 2020. The company is making progress in its pipeline, with ongoing trials for IGM-2323 and IGM-8444. Additionally, it plans to file an IND for IGM-7354 this year and expects to end 2021 with over $200 million in cash and investments.
IGM Biosciences (Nasdaq: IGMS) announced the appointment of Dr. Chris H. Takimoto as Chief Medical Officer, effective today. Dr. Takimoto brings over 30 years of oncology expertise, previously serving at Gilead Sciences. He will oversee IGM’s clinical pipeline of engineered IgM antibodies, following Dr. Daniel S. Chen's transition to a consulting role. CEO Fred Schwarzer praised Dr. Takimoto's extensive experience in clinical development. IGM aims to leverage its advanced IgM technology to enhance therapeutic applications across oncology and other fields.
IGM Biosciences announced plans to advance IGM-6268, the first intranasally administered IgM antibody, into clinical trials in Q3 2021. This new candidate targets COVID-19 and builds on findings published in Nature, highlighting its superior neutralization potency against SARS-CoV-2 variants compared to IgG antibodies. Preclinical studies indicate that IGM-6268 offers significant protective effects with a promising safety profile. The technology platform's expansion into infectious diseases marks a key development for IGM Biosciences in combating viral challenges.
IGM Biosciences, a clinical-stage biotechnology firm, announced that CEO Fred Schwarzer will participate in a fireside chat at the Jefferies Virtual Healthcare Conference on June 2, 2021, at 1:00 p.m. EDT. A live webcast can be accessed via the company's 'Events and Presentations' page on its website, with a replay available for 90 days post-event. IGM focuses on developing engineered IgM antibodies for various diseases, aiming to overcome manufacturing challenges since 2010.
IGM Biosciences (Nasdaq: IGMS), a biotechnology company focused on engineered IgM antibodies, announced that CEO Fred Schwarzer will participate in a fireside chat at the 2021 RBC Capital Markets Global Healthcare Conference on May 19, 2021, at 1:55 p.m. EDT. The event will be held virtually. A live webcast will be accessible on the company’s website, with a replay available for 90 days post-event. This forum highlights IGM's progress since 2010 in overcoming challenges in IgM antibody development.
IGM Biosciences (Nasdaq: IGMS) reported Q1 2021 net loss of $31.6 million, up from $17.6 million in 2020. Cash and investments decreased to $331.7 million from $366.3 million in Q4 2020. The company anticipates a recommended Phase 2 dose for IGM-2323 and expects to report initial data from its Phase 1 trial of IGM-8444 later this year. IGM also plans to file an IND for IGM-7354. Despite rising R&D expenses ($23.6 million vs. $14.6 million), the company maintains a full-year operating expense guidance of $175-$185 million, with expected cash reserves over $200 million by year-end.
IGM Biosciences, a clinical-stage biotechnology firm, announced that CEO Fred Schwarzer will speak at the Truist Securities Life Sciences Summit on May 4, 2021, at 4:20 p.m. EDT. The summit will occur virtually, and interested parties can access a live webcast on the company’s website. A replay will be available for 90 days post-event. IGM Biosciences focuses on developing engineered IgM antibodies for treating various diseases, leveraging its proprietary technology platform to overcome challenges in IgM antibody production.