Imunon Inc Stock Price, News & Analysis

IMUNON, a clinical-stage drug-development company, presented findings on its DNA-based immunotherapy, IMNN-001, at the AACR Annual Meeting on April 18, 2023. The study evaluated three dosing regimens for the treatment of advanced ovarian cancer using a mouse model. IMNN-001, in Phase 2 trials, showed that a biweekly dosing regimen was comparable to weekly dosing but more effective than a three-week regimen in reducing tumor burden and mortality. These results support further exploration of biweekly dosing in human studies. Dr. Corinne Le Goff, CEO of IMUNON, expressed excitement over the presentation and highlighted the implications for upcoming clinical studies involving IMNN-001 and bevacizumab.

IMUNON, Inc. (NASDAQ: IMNN) announced its 2022 financial results, reporting a net loss of $35.9 million, or $5.03 per share, an increase from $20.8 million in 2021. Operating expenses rose to $25.4 million, up 18% year-over-year. The company made progress in its clinical programs, including completing enrollment in the Phase 1/2 OVATION 2 Study for IMNN-001 in advanced ovarian cancer. IMUNON reported cash of $38.9 million as of December 31, 2022, expected to fund operations into 2025. The company also highlighted promising preclinical data for its PLACCINE vaccine technology and plans to file an Investigational New Drug (IND) application for a COVID-19 booster vaccine in 2023.

IMUNON (NASDAQ: IMNN), a clinical-stage drug-development company, will host a conference call on March 30, 2023, at 11:00 a.m. ET to discuss its Q4 and full-year financial results for 2022. The company will also update on IMNN-001, its Phase 2 immunotherapy targeting advanced ovarian cancer, and its preclinical studies of PLACCINE, a novel plasmid technology aiming to outperform current mRNA vaccines. Interested parties can join via phone or listen online, with an archived replay available until April 13, 2023. IMUNON focuses on DNA-mediated immunotherapy and next-gen vaccines aimed at various diseases.

IMUNON, a clinical-stage biotechnology company, presented promising preclinical data for its PLACCINE platform at the Vaccine Technology Summit 2023. The data indicates robust immunogenicity and protection in SARS-CoV-2 models, with durable cellular responses lasting over 12 months. Notably, compared to a commercial mRNA vaccine, the PLACCINE demonstrated superior immune quality in single-dose tests and comparable protection in booster-dose assessments. The platform offers advantages such as a shelf-life exceeding nine months at 4°C and efficient manufacturing capabilities. IMUNON is advancing its innovative DNA-mediated immunotherapy and next-gen vaccines to combat various diseases.

Imunon, Inc. (NASDAQ: IMNN) announced the approval of equity awards as inducements for two new employees. The Compensation Committee granted stock options to purchase 5,250 shares at an exercise price of $1.32, equal to the closing price on March 17, 2023. These options will vest over four years, starting after one year of employment. Additionally, 1,100 shares of restricted stock were granted, vesting after one year. Imunon is advancing DNA-based immunotherapy and vaccines, with its lead program IMNN-001 in Phase 2 development for advanced ovarian cancer.