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Immunocore presents updated Phase 1 data of brenetafusp in patients with heavily pretreated advanced melanoma

(Positive)

Immunocore (Nasdaq: IMCR) reported updated Phase 1/2 data for brenetafusp in heavily pretreated HLA-A*02:01-positive advanced melanoma. Monotherapy showed median overall survival of 14.3 months, with 6- and 12-month survival of 87% and 57%, disease control rate 52% and overall response rate 12%.

Clinical benefit was observed in primary PD-1–resistant patients (median OS 14.7 months) and supported selection of a 160 mcg dose for the Phase 3 PRISM-MEL-301 first-line trial with nivolumab. Combination with pembrolizumab in 10 patients showed numerically higher response and disease control. Brenetafusp was generally tolerated; key treatment-related adverse events included mainly low-grade CRS (56%), rash (44%) and transient Grade 3-4 lymphocyte decrease (25%). A second ASCO 2026 poster suggested IL7 may enhance ImmTAC T cell activity in vitro and in vivo.

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AI-generated analysis. How Rhea-AI works. Not financial advice.

Positive

  • Monotherapy 6-month overall survival rate of 87% and 12-month rate of 57%
  • Median overall survival of 14.3 months in 66 heavily pretreated melanoma patients
  • Disease control rate of 52% and overall response rate of 12% with monotherapy
  • 160 mcg dose showed numerically higher efficacy measures, supporting Phase 3 dose selection
  • Median overall survival of 14.7 months in primary PD-1–resistant subgroup
  • ctDNA response 53% in PD-1–resistant patients versus 38% in overall group
  • Combination with pembrolizumab showed numerically higher ORR and DCR than monotherapy
  • Brenetafusp generally well tolerated; adverse events reversible and attenuated over time

Negative

  • Overall response rate of 12% with brenetafusp monotherapy in Phase 1/2 trial
  • Grade 3-4 transient decreased lymphocyte count in 25% of treated patients
  • Three treatment-related adverse events led to treatment discontinuation

What This Means

This announcement highlights promising Phase 1 data for brenetafusp in heavily pretreated advanced m...
Analysis

This announcement highlights promising Phase 1 data for brenetafusp in heavily pretreated advanced melanoma, including a 6‑month OS of 87% and 52% disease control, even among patients with primary PD‑1 resistance. The update extends Immunocore’s broader ImmTAC and PRAME-focused clinical story. Investors may track the ongoing Phase 3 PRISM‑MEL‑301 trial, ctDNA response patterns, and tolerability as key markers for how these early signals translate into later-stage outcomes.

Key Figures

6-month OS rate: 87% Disease control rate: 52% Median overall survival: 14.3 months +5 more
8 metrics
6-month OS rate 87% Brenetafusp monotherapy in 66 heavily pretreated advanced melanoma patients
Disease control rate 52% Brenetafusp monotherapy (partial responses + stable disease)
Median overall survival 14.3 months Brenetafusp monotherapy; 95% CI 11.3–20.4; 22.4-month follow-up
Overall response rate 12% Brenetafusp monotherapy in advanced melanoma
Median OS (PD-1 resistant) 14.7 months Patients with primary PD-1 resistance on brenetafusp monotherapy
ctDNA response (PD-1 resistant) 53% (8/15) Exploratory analysis of circulating tumor DNA responses
ctDNA response (overall) 38% (19/50) All evaluable patients in exploratory ctDNA analysis
CRS incidence 56% Most common treatment-related adverse event; predominantly low grade, reversible

Previous Clinical trial Reports

5 past events · Latest: Nov 07 (Positive)
Same Type Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Nov 07 Hepatitis B Phase 1 Positive +6.0% Early IMC-I109V Phase 1 data showed manageable safety and PD activity.
Dec 23 PRAME HLE trial start Positive -0.7% First patient dosed with IMC-P115C, a half-life extended ImmTAC.
Dec 17 GI cancer Phase 1/2 Positive +0.2% Initiation of IMC-R117C Phase 1/2 in PIWIL1+ GI cancers.
Dec 11 ATOM Phase 3 start Positive -3.4% First patient enrolled in adjuvant uveal melanoma Phase 3 trial.
Sep 14 Brenetafusp ovarian data Positive -1.6% Phase 1 brenetafusp ovarian cancer data with notable disease control.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Clinical trial news has produced mixed reactions, with both strong gains and selloffs following largely positive updates.

Recent Company History

Over the past year, Immunocore has repeatedly advanced its clinical pipeline, including hepatitis B, PRAME-targeted, PIWIL1-targeted, and adjuvant uveal melanoma programs. Same‑tag clinical updates led to both rallies and pullbacks, despite broadly constructive data. Today’s brenetafusp Phase 1 melanoma update extends the PRAME/ImmTAC story, building on prior ovarian cancer and PRAME-focused trials reported on Sep 14, 2024 and Dec 23, 2024.

Historical Comparison

+0.1% avg move · In the past year, Immunocore released 5 clinical trial updates with an average move of 0.12%. Histor...
clinical trial
+0.1%
Average Historical Move clinical trial

In the past year, Immunocore released 5 clinical trial updates with an average move of 0.12%. Historically, reactions to similar R&D news have been modest and directionally mixed.

Clinical updates have moved from early ImmTAC programs in hepatitis B and GI cancers to multiple PRAME-targeted efforts, including brenetafusp in ovarian cancer and now advanced melanoma.

Regulatory & Risk Context

Short Interest: 18.3%
Short Interest
18.3% of float
0% 15% 30%+
moderate as of 2026-05-29 Days to cover: 19.71

Key Terms

overall survival, disease control rate, HLA-A*02:01-positive, PD-1, +3 more
7 terms
overall survival medical
"the median overall survival (OS) was 14.3 months (95% CI: 11.3-20.4;"
Overall survival is the average or median length of time patients remain alive after starting a treatment or entering a clinical study, measured regardless of cause of death. Investors care because it is a clear, hard measure of a therapy’s real-world benefit — like timing how long a new battery actually runs — and strong improvements in overall survival can drive regulatory approval, market adoption and revenue potential.
disease control rate medical
"The disease control rate (DCR = partial responses and stable diseases) was 52%"
The disease control rate is the share of patients in a clinical trial whose cancer or condition either shrinks or stops getting worse for a specified period after treatment. Think of it like the percentage of people for whom a treatment hits pause or nudges back the problem rather than letting it progress; higher rates suggest the therapy can meaningfully limit disease, which matters to investors assessing a drug’s potential efficacy and commercial value.
HLA-A*02:01-positive medical
"heavily pretreated HLA-A*02:01-positive patients with melanoma"
HLA-A*02:01-positive means a person carries a specific version of a gene that helps the immune system present bits of proteins on the surface of cells—think of it as one particular lock shape on many cells that certain immune ‘keys’ can recognize. Investors should care because some drugs, vaccines and cell therapies only work or are tested in people with this lock shape, so it directly affects patient eligibility, trial size, market reach and the likelihood of a treatment’s success.
PD-1 medical
"including patients with primary PD-1 resistance Brenetafusp was generally well"
PD-1 is a protein found on certain immune cells that acts like a brake, signaling the immune system to slow down and avoid damaging healthy tissue. Drugs that block PD-1 release that brake so immune cells can better attack cancer cells; because such therapies can produce large clinical benefits, regulatory approvals, trial outcomes, pricing and market uptake for PD-1 drugs can materially affect a drugmaker’s prospects and investor returns.
circulating tumor DNA medical
"In exploratory analyses, circulating tumor DNA (ctDNA) response in patients"
Fragments of DNA shed by cancer cells into the bloodstream that act like tiny fingerprints of a tumor; they can be detected with a blood test rather than a biopsy. Investors care because circulating tumor DNA (ctDNA) enables faster, lower-cost ways to detect disease, track treatment response, identify emerging resistance and enroll patients in trials—factors that can materially affect the commercial prospects of diagnostics and therapeutics.
RECIST medical
"Tumor response was assessed by RECIST every 9 weeks; ctDNA was assessed"
RECIST (Response Evaluation Criteria In Solid Tumors) is a standardized set of rules doctors and researchers use to measure how solid tumors change over time on medical scans, categorizing whether a tumor shrinks, grows, or stays the same. Investors pay attention because RECIST-based results often serve as clear, comparable trial endpoints that influence drug approvals, market expectations and company valuations—like using a reliable ruler to track progress in a development program.
cytokine release syndrome medical
"included CRS (56%; predominantly low grade, reversible, and attenuated over time)"
An intense immune overreaction in which the body's defense system releases a large surge of signaling proteins, causing fever, low blood pressure, breathing trouble or organ stress; imagine the immune system's alarm going into overdrive and flooding the body with emergency responders. Investors care because this side effect can slow or block regulatory approval, increase clinical trial costs and liabilities, limit how widely a therapy can be used, and therefore affect a drug's market value and sales potential.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Immunocore presents updated Phase 1 data of brenetafusp in patients with heavily pretreated advanced melanoma

Brenetafusp monotherapy resulted in a 6-month overall survival rate of 87% and disease control rate of 52% in heavily pretreated HLA-A*02:01-positive patients with melanoma

Data support selection of 160 mcg dose for the ongoing Phase 3 PRISM-MEL-301 trial in first-line advanced melanoma

Clinical benefit was consistent across difficult-to-treat subgroups, including patients with primary PD-1 resistance

Brenetafusp was generally well tolerated as monotherapy and in combination with pembrolizumab

(OXFORDSHIRE, England & RADNOR, Penn. & GAITHERSBURG, Md., US, 31 May 2026) Immunocore Holdings plc (Nasdaq: IMCR) (“Immunocore” or the “Company”), a commercial-stage biotechnology company pioneering and delivering transformative immunomodulating medicines to radically improve outcomes for patients with cancer, infectious diseases and autoimmune diseases, today announced updated results from its Phase 1/2 trial evaluating brenetafusp in patients with heavily pretreated advanced melanoma. The data is presented in a poster at the 2026 American Society of Clinical Oncology (ASCO) Annual Meeting.

“I am pleased to present these updated brenetafusp data at ASCO. Patients with advanced melanoma who progress on anti-PD-1 therapy have limited options, and seeing meaningful disease control in heavily pretreated patients is genuinely promising. These results support continued evaluation of brenetafusp in advanced melanoma,” said Professor Georgina Long, Medical Director, Melanoma Institute Australia, The University of Sydney.

“These data with brenetafusp in heavily pretreated advanced melanoma show consistent responses and survival even in those with poor prognosis, including patients with primary PD-1 resistance,” said Mohammed Dar, Chief Medical Officer of Immunocore. “These data also reinforce our confidence in the potential of brenetafusp at the dose of 160 mcg in combination with nivolumab in first-line advanced melanoma, in the ongoing Phase 3 PRISM-MEL-301 trial.”

Phase 1/2 efficacy data

In the 66 patients treated with brenetafusp monotherapy (target doses 20-320 mcg), the median overall survival (OS) was 14.3 months (95% CI: 11.3-20.4; median follow up of 22.4 months) with a landmark OS rate of 87% at 6 months and 57% at 12 months. The disease control rate (DCR = partial responses and stable diseases) was 52%, while the overall response rate (ORR) was 12%.

Multiple measures of clinical benefit (6-month OS, DCR, ORR, tumor reduction) were numerically higher for patients treated with the 160 mcg dose – despite worse baseline prognostic factors compared to those treated with 40 mcg. These data support selection of 160 mcg for the ongoing Phase 3 trial evaluating brenetafusp + nivolumab vs. standard nivolumab regimens (NCT06112314) in first-line advanced melanoma. The safety profile was similar at both doses.

Median OS was 14.7 months for patients with primary PD-1 resistance, defined as progression within 6 months of starting the first regimen containing anti-PD1. Despite these patients having primary PD-1 resistance, the median OS was similar to all monotherapy patients (14.3 months).

In exploratory analyses, circulating tumor DNA (ctDNA) response in patients with PD-1 primary resistance was numerically higher (53%; 8/15) compared to the overall group (38%; 19/50). Treatment outcome was not impacted by PD-L1 status and was shown, in this exploratory analysis, to be associated with tumor expression of beta 2 microglobulin – a protein involved in antigen presentation – and baseline peripheral blood T cell fitness, which has been shown to be better in earlier lines of therapy.

In the 10 patients treated with brenetafusp in combination with pembrolizumab, the data showed numerically higher ORR and DCR compared to monotherapy, with efficacy also reported in patients with PD-1 primary resistance.

Phase 1/2 safety data

Brenetafusp was generally well tolerated, showing a predictable, mechanism-driven safety profile as monotherapy and in combination. The most common treatment-related adverse events (TRAEs) (≥20%) – which were reversible and attenuated over time – included CRS (56%; predominantly low grade, reversible, and attenuated over time), rash (44%), pyrexia (44%), chills (38%), fatigue (31%), decreased lymphocyte count (38%), nausea (25%), and pruritus (44%). The most frequent Grade 3-4 TRAE was transient decreased lymphocyte count (25%). There were three TRAEs that led to treatment discontinuation (two monotherapy patients and one combination patient).

Phase 1/2 trial overview

The Phase 1/2 trial (NCT04262466; EudraCT 2019-004046-16) enrolled patients with unresectable or metastatic melanoma who were HLA-A*02:01-positive (central testing) and previously treated with anti-PD-(L)1 therapy. Brenetafusp was administered as a weekly IV infusion with step dosing to a target dose. Tumor response was assessed by RECIST every 9 weeks; ctDNA was assessed every three weeks.

Second poster: Effect of IL7 on T cell fitness and ImmTAC anti-tumor activity

In a second poster presented during ASCO 2026, the Company built on previously disclosed data regarding the importance of T cell fitness for the efficacy of ImmTAC molecules. The new data demonstrated the anti-tumor activity of these therapies may increase when combined with IL7 in vitro. This study showed that IL7 treatment expanded naïve/stem-like memory T cells, enhanced ImmTAC-mediated T cell induction of IFNγ secretion and tumor killing, as well as reduced immune checkpoint receptor expression and T cell exhaustion. Additionally, a single dose of IL7 resulted in a sustained increase in T cell fitness of cancer patients. Taken together, the in vitro and in vivo data are consistent with the hypothesis that a combination with IL7 may increase the anti-tumor activity of ImmTAC therapies.

Presentations details (ASCO 2026)

Title: Phase 1 evaluation of the PRAME-targeted ImmTAC brenetafusp in advanced melanoma (Mel). (Abstract number: 9527)
Session: Melanoma/Skin Cancers (Poster Board: 243)
Date and Time: May 31, 2026, 9:00 AM-12:00 PM CDT

Title: Effect of IL7 on ImmTAC-mediated killing by T cells in vitro and T cell fitness in patients (Abstract number: 2662)
Session: Developmental Therapeutics - Immunotherapy (Poster Board: 452)
Date and Time: May 30, 2026, 1:30 PM-4:30 PM CDT

###

About ImmTAC® molecules for cancer

Immunocore’s proprietary T cell receptor (TCR) technology generates a novel class of bispecific biologics called ImmTAC (Immune mobilizing monoclonal TCRs Against Cancer) molecules that are designed to redirect the immune system to recognize and kill cancerous cells. ImmTAC molecules are soluble TCRs engineered to recognize intracellular cancer antigens with ultra-high affinity and selectively kill these cancer cells via an anti-CD3 immune-activating effector function. Based on the demonstrated mechanism of T cell infiltration into human tumors, the ImmTAC mechanism of action holds the potential to treat hematologic and solid tumors, regardless of mutational burden or immune infiltration, including immune “cold” low mutation rate tumors.

About PRISM-MEL-301 (NCT06112314) – Phase 3 trial with brenetafusp (IMC-F106C, PRAME-A02) in 1L advanced cutaneous melanoma

The Phase 3 registrational trial is randomizing HLA-A*02:01-positive patients with previously untreated, advanced or metastatic cutaneous melanoma, to brenetafusp 160 mcg + nivolumab or a control arm of either nivolumab or nivolumab + relatlimab. The primary endpoint of the trial is progression free survival (PFS) by blinded independent central review (BICR), with secondary endpoints of overall survival (OS) and overall response rate (ORR).

About the IMC-F106C-101 Phase 1/2 trial

IMC-F106C-101 is a first-in-human, Phase 1/2 dose escalation trial in patients with multiple solid tumors, including non-small cell lung and ovarian cancers. The Phase 1 dose escalation trial was designed to determine the maximum tolerated dose (MTD), as well as to evaluate the safety, preliminary anti-tumor activity and pharmacokinetics of IMC-F106C (brenetafusp), a bispecific protein built on Immunocore’s ImmTAC technology, and the Company’s first molecule to target the PRAME antigen. The Company is currently focusing on enrolling patients in combination arms with standards-of-care across multiple tumor types.

About Cutaneous Melanoma

Cutaneous melanoma (CM) is the most common form of melanoma. It is the most aggressive skin carcinoma and is associated with the vast majority of skin cancer-related mortality. The majority of patients with CM are diagnosed before metastasis but survival remains poor for the large proportion of patients with metastatic disease. Despite recent progress in advanced melanoma therapy, there is still an unmet need for new therapies that improve first-line response rates and duration of response as well as for patients who are refractory to first-line treatments.

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as “may”, “will”, “believe”, “expect”, “plan”, “anticipate”, “aim”, “continue”, “target” and similar expressions (as well as other words or expressions referencing future events or circumstances) are intended to identify forward-looking statements. All statements, other than statements of historical facts, included in this press release are forward-looking statements. These statements include, but are not limited to, statements regarding: the expected efficacy and safety profile of brenetafusp; the sufficiency of initial trial data to support the continued evaluation of brenetafusp in advanced melanoma; and the anticipated development of brenetafusp including timeline and expected future data readouts. Any forward-looking statements are based on management’s current expectations and beliefs of future events and are subject to a number of risks and uncertainties that could cause actual events or results to differ materially and adversely from those set forth in or implied by such forward-looking statements, many of which are beyond the Company’s control. These risks and uncertainties include, but are not limited to, preliminary, interim and top-line clinical trial results may not be indicative of, and may differ from, final clinical data; clinical trial data are subject to differing interpretations and assessments, including by regulatory authorities; the impact of worsening macroeconomic conditions, including as a result of health epidemics or pandemics, war in Ukraine, the conflict in the Middle East, or global geopolitical tension, on the Company’s business, financial position, strategy and anticipated milestones, including Immunocore’s ability to conduct ongoing and planned clinical trials; the Company’s ability to obtain a clinical supply of current or future product candidates or commercial supply of KIMMTRAK or any future approved products; the Company’s ability to obtain and maintain regulatory approval of KIMMTRAK and its other product candidates; the Company’s ability and plans in continuing to establish and expand a commercial infrastructure and to successfully launch, market and sell KIMMTRAK and any future approved products; the Company’s ability to successfully expand the approved indications for KIMMTRAK or obtain marketing approval for KIMMTRAK in additional geographies in the future; the delay of any current or planned clinical trials, whether due to patient enrollment delays or otherwise; the Company’s ability to successfully demonstrate the safety and efficacy of its product candidates and gain approval of its product candidates on a timely basis, if at all; competition with respect to market opportunities; unexpected safety or efficacy data observed during preclinical studies or clinical trials; actions of regulatory agencies, which may affect the initiation, timing and progress of clinical trials or future regulatory approval; Immunocore’s need for and ability to obtain additional funding, on favorable terms or at all, including as a result of changes in inflation and interest rates and unfavorable general market conditions; the Company’s ability to obtain, maintain and enforce intellectual property protection for KIMMTRAK or any of its product candidates it or its collaborators are developing; and the success of Immunocore’s current and future collaborations, partnerships or licensing arrangements. These and other risks and uncertainties are described in greater detail in the section titled "Risk Factors" in Immunocore’s filings with the Securities and Exchange Commission, including Immunocore’s most recent Annual Report on Form 10-K for the year ended December 31, 2025 filed with the Securities and Exchange Commission on February 25, 2026, as well as discussions of potential risks, uncertainties, and other important factors in the Company’s subsequent filings with the SEC. All information in this press release is as of the date of the release, and the Company undertakes no duty to update this information, except as required by law.

Contact Information

Immunocore
Sébastien Desprez, Head of Communications
T: +44 (0) 7458030732
E: sebastien.desprez@immunocore.com
Follow on LinkedIn: @Immunocore

Investor Relations
Morgan Morse
T: +1 (215) 384-4781
E: ir@immunocore.com


FAQ

What Phase 1/2 results did Immunocore (IMCR) report for brenetafusp in advanced melanoma on May 31, 2026?

Immunocore reported that brenetafusp monotherapy achieved 6-month overall survival of 87% and median overall survival of 14.3 months. According to Immunocore, the disease control rate was 52% and overall response rate 12% in 66 heavily pretreated HLA-A*02:01-positive advanced melanoma patients.

How did brenetafusp perform in primary PD-1–resistant advanced melanoma patients in the IMCR Phase 1/2 trial?

Brenetafusp showed median overall survival of 14.7 months in patients with primary PD-1 resistance. According to Immunocore, ctDNA response in this subgroup was 53% (8/15), higher than 38% (19/50) in the overall group, suggesting activity even in poor-prognosis patients.

Why did Immunocore select the 160 mcg dose of brenetafusp for the PRISM-MEL-301 Phase 3 trial (IMCR)?

The 160 mcg dose was chosen because several clinical benefit measures were numerically higher than at 40 mcg. According to Immunocore, this occurred despite worse baseline prognostic factors, supporting 160 mcg in the Phase 3 PRISM-MEL-301 trial with nivolumab in first-line advanced melanoma.

What safety profile was reported for brenetafusp in Immunocore’s Phase 1/2 advanced melanoma study?

Brenetafusp was generally described as well tolerated with a predictable, mechanism-driven safety profile. According to Immunocore, common treatment-related adverse events included cytokine release syndrome (56%), rash (44%), pyrexia (44%), chills (38%) and transient Grade 3-4 lymphocyte decreases in 25% of patients.

How did brenetafusp plus pembrolizumab compare with monotherapy in Immunocore’s IMCR Phase 1/2 study?

In 10 patients, brenetafusp combined with pembrolizumab showed numerically higher overall response and disease control rates than monotherapy. According to Immunocore, efficacy in the combination cohort also included patients with primary PD-1 resistance, though the sample size was limited.

What is the PRISM-MEL-301 Phase 3 trial and how is it linked to brenetafusp for IMCR investors?

PRISM-MEL-301 is a Phase 3 trial evaluating brenetafusp plus nivolumab versus standard nivolumab regimens in first-line advanced melanoma. According to Immunocore, Phase 1/2 data at the 160 mcg dose informed dose selection for this pivotal study targeting HLA-A*02:01-positive patients.