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Immatics Presents Clinical Activity of IMA203CD8 PRAME Cell Therapy in Hard-to-Treat Gynecologic Cancers at 2026 ASCO Annual Meeting

(Positive)
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Immatics (NASDAQ:IMTX) reported updated Phase 1 data for its PRAME-targeting TCR T-cell therapy IMA203CD8 in gynecologic cancers and synovial sarcoma at ASCO 2026.

In clinically relevant gynecologic cohorts, ORR was 63% with 50% confirmed, including four complete responses. In synovial sarcoma, ORR was 67%, confirmed ORR 64%, with durable responses up to ~3 years. IMA203CD8 showed a manageable safety profile without treatment-related Grade 5 events, and Immatics expects to define the recommended Phase 2 dose (RP2D) in 2026 and present further data in the second half of 2026.

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Positive

  • Gynecologic cancers ≥DL4: ORR 63% (12/19), confirmed ORR 50% (9/18)
  • Four complete responses in gynecologic cancers, with longest ongoing response at 12 months
  • Synovial sarcoma: ORR 67% (8/12), confirmed ORR 64% (7/11)
  • Synovial sarcoma median duration of response 14.8 months at 31.0 months median follow-up
  • Disease control rate at week 6: 68% in gynecologic cancers, 100% in synovial sarcoma
  • No IMA203CD8-related Grade 5 adverse events across reported patient populations

Negative

  • Grade 3 cytokine release syndrome reported in 7% of gynecologic cancer patients
  • Immune effector cell-associated neurotoxicity and HLH each observed in 7% of gynecologic patients
  • Recommended Phase 2 dose is not yet defined and is expected in 2026

What This Means

This announcement highlights strong Phase 1 results for IMA203CD8, with ORR up to 67%, durable respo...
Analysis

This announcement highlights strong Phase 1 results for IMA203CD8, with ORR up to 67%, durable responses approaching 3 years, and manageable safety across multiple PRAME-positive tumors. Prior updates at AACR, ESMO-IO, and earnings calls emphasized a broad PRAME strategy and cash reach into 2028. Investors may track future 2026 milestones such as RP2D determination, additional durability follow-up, and how these data integrate with the broader anzu-cel and bispecific programs.

Key Figures

ORR gynecologic cancers: 63% Confirmed ORR gynecologic: 50% Longest response gynecologic: 12 months +5 more
8 metrics
ORR gynecologic cancers 63% IMA203CD8 at clinically relevant doses (≥DL4c) in ovarian and uterine cancers
Confirmed ORR gynecologic 50% IMA203CD8 cORR (9/18) with four complete responses
Longest response gynecologic 12 months Ongoing metabolic complete response after one-time IMA203CD8 infusion
ORR synovial sarcoma 67% Phase 1 IMA203CD8 in heavily pretreated synovial sarcoma
Confirmed ORR synovial 64% IMA203CD8 cORR (7/11) in synovial sarcoma across all doses
Longest response synovial ~3 years Ongoing response after one-time IMA203CD8 infusion in synovial sarcoma
mDOR synovial sarcoma 14.8 months Median duration of response at median follow-up of 31.0 months
DCR synovial sarcoma 100% Disease control rate at week 6 (12/12) in synovial sarcoma

Historical Context

5 past events · Latest: May 12 (Positive)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
May 12 Q1 2026 earnings Positive -1.3% Reported Q1 2026 results and reiterated strong cash and PRAME pipeline timelines.
Apr 21 ASCO preview Positive -0.6% Announced four upcoming ASCO 2026 oral presentations across cell therapy and bispecifics.
Apr 17 Pediatric case data Positive +2.8% Reported deep, durable remission in pediatric PRAME-positive nephroblastoma at AACR 2026.
Mar 05 FY 2025 earnings Positive -0.3% Full-year 2025 results with extended cash reach and detailed anzu-cel timelines.
Dec 11 IMA203CD8 update Positive -0.2% ESMO-IO 2025 Phase 1a IMA203CD8 data showing promising responses and manageable safety.

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

Pattern Detected

Recent news, often positive on PRAME pipeline and finances, has more frequently seen mild negative price reactions than sustained strength.

Recent Company History

Over the past six months, Immatics has repeatedly highlighted progress across its PRAME-focused pipeline and solid cash resources. Earnings updates in March 2026 and May 2026 emphasized cash reach into 2028 and a path toward a potential 2027 BLA and launch, yet shares generally drifted lower after those releases. Clinical updates at AACR 2026 and ESMO-IO 2025 showed deep and durable responses for PRAME-directed cell therapies with manageable safety. Today’s ASCO update on IMA203CD8 in gynecologic cancers and synovial sarcoma fits this pattern of steadily expanding clinical evidence for PRAME targeting.

Regulatory & Risk Context

Short Interest: 4.69%
Short Interest
4.69% of shares outstanding
as of 2026-05-29 Days to cover: 9.53

Key Terms

objective response rate, cytokine release syndrome, immune effector cell-associated neurotoxicity syndrome, hemophagocytic lymphohistiocytosis, +4 more
8 terms
objective response rate medical
"with a 63% objective response rate (ORR), 50% confirmed ORR (cORR)"
The objective response rate (ORR) is the percentage of patients in a clinical trial whose tumors measurably shrink or disappear according to preset rules. Investors use it as a quick, objective signal of a drug’s ability to produce a clear treatment effect—like counting how many plants visibly respond after applying a new fertilizer—and higher ORR can improve odds of regulatory approval, commercial success, and company valuation.
cytokine release syndrome medical
"Expected and manageable cytokine release syndrome (CRS) was mostly low-grade"
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.
immune effector cell-associated neurotoxicity syndrome medical
"Immune effector cell-associated neurotoxicity syndrome (ICANS) and hemophagocytic"
immune effector cell-associated neurotoxicity syndrome (ICANS) is a brain-related side effect that can occur after treatments that activate powerful immune cells, such as engineered cell therapies. It can cause confusion, speech problems, seizures or coma when the immune response unintentionally harms brain function; think of an overenthusiastic security system that starts damaging the house it’s protecting. Investors care because ICANS affects clinical trial results, regulatory approvals, product labeling, treatment adoption, monitoring costs and potential liability, all of which influence a therapy’s commercial value.
hemophagocytic lymphohistiocytosis medical
"ICANS) and hemophagocytic lymphohistiocytosis (HLH) were infrequently observed"
Hemophagocytic lymphohistiocytosis (HLH) is a rare, severe condition in which the immune system becomes dangerously overactive and attacks the body's own blood cells and organs, like a thermostat stuck on high. It matters to investors because HLH can drive demand for specialized therapies, shape clinical trial design and regulatory decisions, and create significant treatment costs and liability risks that affect healthcare company valuations and revenue forecasts.
disease control rate medical
"Disease Control Rate (DCR) at week 6: 68% (13/19)"
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.
median duration of response medical
"mDOR: 14.8 months (3.7, 31.8+) at mFU of 31.0 months"
Median duration of response is the midpoint time that a beneficial effect from a treatment lasts among patients who showed a measurable improvement; half of responders saw the effect stop sooner, half later. Investors care because it shows how durable a therapy’s benefit is — like the typical lifespan of a product’s performance — which affects expected clinical value, market demand, pricing power and reimbursement prospects.
progression free survival medical
"median progression free survival (mPFS) and median overall survival (mOS)"
Progression free survival is the length of time during and after a treatment when a disease, such as cancer, does not get worse or spread. It is an important measure because longer periods of stability can indicate that a treatment is effectively controlling the condition. For investors, it provides insight into the potential durability and success of a therapy or medication.
RECIST medical
"PD, progressive disease; (c)PR, (confirmed) partial response; RECIST, Response"
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.

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

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  • One-time infusion of IMA203CD8 PRAME cell therapy in the ongoing Phase 1 dose escalation/dose expansion trial achieved anti-tumor activity in platinum-resistant ovarian cancer and in uterine cancer with a 63% objective response rate (ORR), 50% confirmed ORR (cORR), including four complete responses, and longest ongoing response at 12 months

  • Additional Phase 1 data for IMA203CD8 in heavily pretreated patients with synovial sarcoma showed deep and durable responses with a 67% ORR and 64% cORR, including one complete response, and ongoing responses up to ~3 years

  • IMA203CD8 demonstrated a manageable and consistent tolerability profile across patient populations

  • Clinical anti-tumor activity observed across tumor types (ovarian carcinoma, uterine cancer, melanoma, synovial sarcoma) with distinct biology and differing levels of PRAME expression, including lower PRAME levels in ovarian carcinoma

  • Clinical profile of IMA203CD8 supports continued development in gynecologic cancers and expansion into other PRAME-positive solid tumors

  • Determination of recommended phase 2 dose (RP2D) remains expected in 2026

Houston, Texas and Tuebingen, Germany, May 30, 2026 Immatics N.V. (NASDAQ: IMTX, “Immatics” or the “Company”), the global leader in precision targeting of PRAME with multiple clinical-stage programs spanning cell therapies and bispecifics, today announced updated Phase 1 data for its IMA203CD8 PRAME TCR T-cell therapy in gynecologic cancers and synovial sarcoma at the Annual Meeting of the American Society for Clinical Oncology (ASCO) in Chicago, IL, USA. One-time infusion of IMA203CD8 demonstrated meaningful clinical activity across different tumor types as well as manageable tolerability. The broad expression of PRAME in more than 50 cancers further supports the continued development of IMA203CD8 in multiple PRAME-positive solid tumors.

The updated Phase 1 results in gynecologic cancers will be presented on May 30, 2026, during the Rapid Oral Abstract Session – Gynecologic Cancer from 8:00-9:30 am CDT by Antonia Busse, M.D., Charité Medical University Hospital, Berlin, Germany (Abstract ID 5509). Presentation slides are accessible in the ‘Events & Presentations’ section of the Investors & Media section of the Company’s website. Phase 1 data in synovial sarcoma will be presented on May 31, 2026, during the Rapid Oral Abstract Session – Sarcoma from 4:30-6:00 pm CDT by Dejka M. Araujo M.D., The University of Texas MD Anderson Cancer Center (Abstract ID 11516). Presentation slides will be accessible on May 31, 2026.

“These clinical data in ovarian cancer, uterine cancer and synovial sarcoma, along with previously released data in melanoma, further reinforce our aim to develop IMA203CD8 in PRAME-positive cancers beyond melanoma. PRAME is expressed in more than 50 cancers, and the compelling anti-tumor activity observed in these historically hard-to-treat indications supports its promise as a broadly applicable target,” said Cedrik Britten, M.D., Ph.D., Chief Medical Officer at Immatics. “We are encouraged by the consistency of response signals observed with IMA203CD8 and remain focused on advancing IMA203CD8 in gynecologic cancers with the potential to broaden development to other indications in a tumor-agnostic approach to deliver meaningful outcomes to patients.” 

Next development steps:
The clinical activity observed in ovarian cancer, a tumor type generally associated with lower levels of PRAME expression, together with the observed activity across tumor types with different and distinct tumor microenvironments, supports the broad applicability of IMA203CD8 across solid tumors with differing levels of PRAME and tumor biology, starting with ovarian and uterine cancer. Updated data from the ongoing study, including durability follow-up at the RP2D, are planned for presentation in the second half of 2026. Immatics is expanding clinical evaluation of IMA203CD8 into additional PRAME-positive solid tumor indications to more fully assess its therapeutic potential.

Highlights of Immatics’ clinical data on IMA203CD8 presented at ASCO 2026

Gynecologic cancers:
Patient population: Heavily pretreated patient population with limited treatment options

  • As of March 30, 2026, 27 heavily pretreated patients with gynecologic cancers received a one-time infusion of IMA203CD8 in the ongoing Phase 1 dose escalation/dose expansion trial (NCT03686124).
  • The median total infused dose across seven escalating dose levels was 3.3x10TCR T cells (range 0.5x109 - 12.5x109 TCR T cells) for ovarian carcinoma and 3.2x109 TCR T cells (range 1.3x109 - 10.1x109 TCR T cells) for uterine cancer.
  • All patients were heavily pretreated, including at least one prior line of platinum-based regimen. Patients with ovarian carcinoma had a median of four lines of systemic treatment (range 1-7), patients with uterine cancer had a median of two lines (range 1-3).
  • The efficacy-evaluable1 patient population included 26 patients, 19 of whom were treated at clinically relevant doses (≥DL4c, median 5.4 x109 TCR T cells, range 1.4 – 12.5): 17 with ovarian carcinoma and two with uterine cancer

Safety: Treatment with IMA203CD8 showed predictable and manageable tolerability

  • IMA203CD8 demonstrated manageable tolerability in the 27 enrolled patients.
  • The most frequent treatment-emergent adverse events (TEAE) were anticipated cytopenias associated with lymphodepletion.
  • Expected and manageable cytokine release syndrome (CRS) was mostly low-grade and was consistent with the mechanism of action (Grade 1: 44%, Grade 2: 44%, Grade 3: 7%).
  • Immune effector cell-associated neurotoxicity syndrome (ICANS) and hemophagocytic lymphohistiocytosis (HLH) were infrequently observed (any Grade: 7%, each).
  • No IMA203CD8-related Grade 5 events occurred.
  • Based on the manageable tolerability profile, the Company expects to determine the recommended Phase 2 dose (RP2D) in 2026.

Anti-tumor activity: A one-time infusion of IMA203CD8 PRAME cell therapy showed anti- tumor activity in gynecologic cancers at clinically relevant doses (≥DL4c)

  • Objective response rate (ORR): 63% (12/19), confirmed ORR (cORR)2: 50% (9/18)
    • Including two confirmed and two unconfirmed complete responses
    • 89% (8/9) of confirmed responses were ongoing as of the data cutoff with longest ongoing response at 12 months post infusion (metabolic complete response)
    • Responses were observed with and without low-dose IL-2
  • Tumor reduction: 78% (14/18)
  • Disease Control Rate (DCR) at week 6: 68% (13/19)
  • Median duration of response (mDOR), median progression free survival (mPFS) and median overall survival (mOS) were not reached, with median follow-up times (mFU) of 3.9, 5.3 and 5.3 months, respectively

* For those patients who achieved a (c)CR with <100% changes from baseline, target lesions were lymph nodes that resolved to <10 mm. + Patient had a PR prior to CR. BOR, best overall response; (c)CR: (confirmed) complete response; (c)ORR, (confirmed) objective response rate; PD, progressive disease; (c)PR, (confirmed) partial response; RECIST, Response Evaluation Criteria in Solid Tumors; SD, stable disease.

Synovial sarcoma:

  • As of the March 30, 2026 data cutoff, 12 heavily pretreated patients with synovial sarcoma, who had received a median of two prior lines of systemic therapy (range, 1-5), were treated with a one-time infusion of IMA203CD8.
  • The safety profile was manageable and consistent with the mechanism of action.
  • The most frequent TEAEs were anticipated cytopenias associated with lymphodepletion. CRS events were expected, manageable and predominantly Grade 1/2.
  • No IMA203CD8-related Grade 5 events were observed.

A one-time infusion of IMA203CD8 showed promising anti-tumor activity with deep and durable response in synovial sarcoma across all doses (median 1.59 × 10⁹ TCR T cells; range: 0.89–10.00 × 10⁹):

  • ORR: 67% (8/12), cORR: 64% (7/11)
    • 4 ongoing responses, including 1 confirmed complete response, with longest response ongoing at ~ 3 years
  • Tumor reduction: 92% (11/12)
  • DCR at week 6: 100% (12/12)
  • mDOR: 14.8 months (3.7, 31.8+) at mFU of 31.0 months

About IMA203CD8 PRAME Cell Therapy
IMA203CD8 is Immatics’ PRAME-directed TCR T-cell therapy engineered to recognize an intracellular PRAME-derived peptide presented by HLA-A*02:01 on the cell surface and initiate a potent and specific anti-tumor response. The co-transduction of CD8αβ alongside the PRAME TCR adds functional CD4+ T cells designed to boost anti-tumor activity. IMA203CD8 is currently being evaluated in a Phase 1 clinical trial in solid tumors expressing PRAME.

About PRAME
PRAME is a target expressed in more than 50 cancers. Immatics is the global leader in precision targeting of PRAME and has the broadest PRAME franchise with the most PRAME indications and modalities. The Immatics PRAME franchise currently includes three product candidates, two therapeutic modalities and three combination therapies that target PRAME: anzu-cel (anzutresgene autoleucel, IMA203) PRAME cell therapy, IMA203CD8 PRAME cell therapy, IMA402 PRAME bispecific as monotherapy, in combination with immune checkpoint inhibitors, in combination with IMA401 MAGEA4/8 bispecific as well as anzu-cel in combination with Moderna’s PRAME mRNA designed to enhance cell therapy.

About Immatics
Immatics is committed to making a meaningful impact on the lives of patients with cancer. We are the global leader in precision targeting of PRAME, a target expressed in more than 50 cancers. Our cutting-edge science and robust clinical pipeline form the broadest PRAME franchise with the most PRAME indications and modalities, spanning TCR T-cell therapies and TCR bispecifics.

Immatics intends to use its website www.immatics.com as a means of disclosing material non-public information. For regular updates, you can also follow us on LinkedIn and Instagram.

Forward-Looking Statements
Certain statements in this press release may be considered forward-looking statements. Forward-looking statements generally relate to future events or the Company’s future financial or operating performance. For example, statements concerning timing of data read-outs for product candidates, observations from the Company’s clinical trials, the timing, outcome and design of clinical trials, the nature of clinical trials (including whether such clinical trials will be registration-enabling), the timing of IND, CTA or BLA filings, estimated market opportunities of product candidates, the Company’s focus on partnerships to advance its strategy, and other metrics are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “plan”, “target”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Immatics and its management, are inherently uncertain. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, various factors beyond management's control including general economic conditions and other risks, uncertainties and factors set forth in the Company’s Annual Report on Form 20-F and other filings with the Securities and Exchange Commission (SEC). Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company undertakes no duty to update these forward-looking statements. All the scientific and clinical data presented within this press release are – by definition prior to completion of the clinical trial and a clinical study report – preliminary in nature and subject to further quality checks including customary source data verification.

For more information, please contact:
Media
Trophic Communications
Phone: +49 151 74416179
immatics@trophic.eu

Immatics N.V.
Jordan Silverstein
Head of Strategy
Phone: +1 346 319-3325
InvestorRelations@immatics.com


1 All patients who received IMA203CD8 infusion and had at least one post-baseline scan, progressive disease or death.
2 cORR excludes one patient with ongoing unconfirmed response at data cutoff.

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FAQ

What were the Phase 1 IMA203CD8 results in gynecologic cancers for Immatics (NASDAQ:IMTX) at ASCO 2026?

IMA203CD8 showed an objective response rate of 63% and confirmed ORR of 50% in clinically relevant gynecologic cohorts. According to Immatics, this included four complete responses and a disease control rate of 68% at week 6, with most confirmed responses ongoing at data cutoff.

How did Immatics' IMA203CD8 perform in synovial sarcoma patients as of March 30, 2026?

IMA203CD8 achieved a 67% objective response rate and 64% confirmed ORR in synovial sarcoma. According to Immatics, 4 responses were ongoing, including one confirmed complete response, with the longest response ongoing for approximately three years and a median duration of response of 14.8 months.

What safety profile did Immatics report for IMA203CD8 in gynecologic and synovial sarcoma trials?

IMA203CD8 showed a manageable tolerability profile with expected cytopenias and mostly Grade 1–2 cytokine release syndrome. According to Immatics, Grade 3 CRS occurred in 7%, ICANS and HLH each in 7% of gynecologic patients, and no treatment-related Grade 5 events were observed.

How many prior treatments had patients received in the IMA203CD8 gynecologic cancer Phase 1 trial?

Patients with gynecologic cancers were heavily pretreated, all having at least one prior platinum-based regimen. According to Immatics, ovarian carcinoma patients had a median of four prior systemic lines, while uterine cancer patients had a median of two prior systemic treatment lines.

What is the significance of PRAME targeting in Immatics' IMA203CD8 program for IMTX shareholders?

PRAME is broadly expressed in more than 50 cancers, supporting multi-tumor development of IMA203CD8. According to Immatics, clinical activity across ovarian, uterine, melanoma, and synovial sarcoma suggests potential applicability in multiple PRAME-positive solid tumors, starting with gynecologic cancers.