Welcome to our dedicated page for Immunic news (Ticker: IMUX), a resource for investors and traders seeking the latest updates and insights on Immunic stock.
Immunic, Inc. develops novel oral therapies for neurologic diseases, with a lead program, vidofludimus calcium (IMU-838), focused on multiple sclerosis. Company news commonly covers clinical and scientific presentations, patent protection for vidofludimus calcium, pipeline updates, and corporate communications tied to its late-stage development strategy.
Updates also include governance changes, board and executive appointments, Nasdaq listing compliance, capital actions such as its reverse stock split, and investor conference participation. Immunic's pipeline references additional earlier-stage programs, including IMU-856 and IMU-381, tied to neurodegenerative, chronic inflammatory, and autoimmune-related disease areas.
Immunic, Inc. (Nasdaq: IMUX) has commenced its phase 2 CALLIPER trial for IMU-838, a selective DHODH inhibitor, in patients with progressive multiple sclerosis (PMS). The multicenter trial aims to enroll approximately 450 patients across over 70 sites globally, with a primary focus on assessing brain volume change over 120 weeks. An interim analysis will evaluate serum neurofilament light chain levels, a potential indicator of neuroprotection. Successful outcomes could position IMU-838 favorably against other oral MS treatments, with phase 3 trials anticipated to start in Q4 2021.
Immunic, Inc. (Nasdaq: IMUX) announced its participation in several significant scientific and investor conferences in October 2021. Key events include the B & T Cell-Mediated Autoimmune Disease Drug Development Summit on October 6-7, where IMU-838 will be presented, and the 37th Congress of ECTRIMS from October 13-15, featuring three accepted abstracts related to IMU-838. Following these, Immunic will join the Jefferies Next Generation IBD Therapeutics Summit on October 19 and the BIO-Europe Digital conference from October 25-28. Further details will be available on their website.
Immunic, Inc. (Nasdaq: IMUX) has signed an in-license agreement with the University Medical Center Goettingen to combine DHODH inhibitors and nucleoside analogues for treating COVID-19 and Influenza. Preclinical studies show Immunic's lead drug, IMU-838, significantly reduces SARS-CoV-2 replication in vitro. IMU-838 demonstrated up to 99.9% reduction in viral RNA, particularly effective against various variants. The company retains plans to pursue strategic options for this program. Upcoming data releases are expected for various ongoing clinical trials in 2021 and 2022.
Immunic, Inc. (Nasdaq: IMUX) announced its participation in key investor and scientific conferences in September 2021. From September 13-15, CEO Daniel Vitt will present at the H.C. Wainwright 23rd Annual Global Investment Conference, with an on-demand presentation available. Following this, Irina Betscheider will showcase IMU-935 at the 50th Annual ESDR Meeting between September 22-25. Lastly, Dr. Vitt will engage in a fireside chat at the 2021 Cantor Virtual Global Healthcare Conference on September 28. For updates, visit www.imux.com.
Immunic, Inc. (Nasdaq: IMUX) reported Q2 2021 financial results, showing a net loss of approximately $17.9 million, or $0.82 per share. R&D expenses rose to $15.7 million, up from $10.0 million year-over-year. The company has received FDA clearance for phase 3 trials of IMU-838 in multiple sclerosis and expects to initiate these studies soon. Following a $45 million public offering, Immunic is well-positioned financially, anticipating funding through various clinical milestones into 2023. Upcoming data read-outs within the next year may significantly impact its stock performance.
Immunic, Inc. (Nasdaq: IMUX), a clinical-stage biopharmaceutical firm, announced its participation in two upcoming investor conferences in August 2021. The BTIG Virtual Biotechnology Conference will occur from August 9-10, with CEO Daniel Vitt speaking on August 9 at 11:30 am ET. The Wedbush PacGrow Healthcare Virtual Conference will follow on August 10-11, where Dr. Vitt will present on August 10 at 8:00 am ET. Webcasts of these events will be available on the company's website for 90 days.
On July 19, 2021, Immunic, Inc. (Nasdaq: IMUX) announced the closing of a public offering, selling 4,500,000 shares of common stock at $10.00 per share, raising $45.0 million. The funds will support the clinical development of IMU-838, IMU-935, and IMU-856, which target chronic inflammatory and autoimmune diseases. Piper Sandler acted as the sole book-runner for this underwritten offering. The securities were offered under a shelf registration statement effective since November 24, 2020.
Immunic, Inc. (Nasdaq: IMUX) has priced a public offering of 4,500,000 shares of common stock at $10 per share, aimed at raising approximately $45 million before expenses. The offering includes a 30-day option for underwriters to purchase an additional 675,000 shares. Proceeds will fund the clinical development of lead candidates IMU-838, IMU-935, and IMU-856. The closing is anticipated on July 19, 2021, pending customary conditions. Piper Sandler is the sole book-runner, with co-managers including Ladenburg Thalmann & Co., Roth Capital Partners, and Aegis Capital Corp.
Immunic, Inc. (Nasdaq: IMUX) announced a proposed underwritten public offering of its common stock, intending to use net proceeds for ongoing clinical development of its product candidates, IMU-838, IMU-935, and IMU-856. The offering is subject to market conditions, with a possibility of underwriters purchasing up to an additional 15% of shares. Piper Sandler is the sole book-runner for the offering. The securities are being offered under an effective shelf registration statement filed with the SEC.
Immunic, Inc. (Nasdaq: IMUX) hosted a virtual R&D Day on July 12, 2021, discussing new preclinical data for their drug IMU-935, an inverse agonist of RORγt. The data demonstrate IMU-935's ability to selectively inhibit Th17 differentiation without affecting thymocyte development, potentially mitigating safety risks seen in other therapies. Full pharmacokinetic and safety data from an ongoing Phase 1 trial in Australia were also presented, indicating no significant safety findings to date. Immunic plans to extend the trial to include psoriasis patients and is preparing for a Phase 1 trial for metastatic castration-resistant prostate cancer.