Immunic Inc Stock Price, News & Analysis

Immunic, Inc. (Nasdaq: IMUX) has scheduled a release of its financial results for the fourth quarter and year ended December 31, 2022, on February 23, 2023, before U.S. market opening. A webcast will follow at 8:00 am ET, providing corporate updates. The company is advancing its pipeline of selective oral immunology therapies aimed at chronic inflammatory and autoimmune diseases. Key products include vidofludimus calcium (IMU-838) for multiple sclerosis, IMU-935 for psoriasis and prostate cancer, and IMU-856 focusing on bowel barrier restoration. For more details, visit Immunic's official website.

Immunic, Inc. (NASDAQ: IMUX) has announced a virtual Celiac Disease R&D Day set for February 9, 2023, from 11:00 am to 1:00 pm ET. During this webcast, management, including CEO Daniel Vitt, will discuss the complexities of celiac disease and its treatment, emphasizing the unmet medical needs of patients. Key opinion leaders Joseph A. Murray and Michael Schumann will present their insights on the immune response and intestinal barrier function in celiac disease. The event highlights Immunic's commitment to developing therapeutic options beyond the current gluten-free diet. Archived footage will be available after the event.

Immunic, Inc. (Nasdaq: IMUX), a clinical-stage biopharmaceutical company, announced its participation in several key scientific and investor conferences throughout February 2023. On February 2, Darius-Jean Namdjou will join a panel on EU and UK pharmacovigilance regulations in London. A webcast on celiac disease research featuring experts will be held on February 9. CEO Daniel Vitt will present a company overview at the SVB Securities Global Biopharma Conference on February 16. Additionally, Robert J. Fox will present data on the phase 2 EMPhASIS trial at the ACTRIMS Forum in San Diego from February 23-25. More details and registration links are available on Immunic's website.

Immunic, Inc. (Nasdaq: IMUX) announced promising results from its phase 2 EMPhASIS trial of vidofludimus calcium (IMU-838) for treating relapsing-remitting multiple sclerosis (RRMS). The drug demonstrated a low rate of confirmed disability worsening (1.6%) compared to 3.7% in the placebo group over a 24-week period. Long-term treatment showed 97.6% of patients free from disability worsening after 48 weeks. The company anticipates further data from its phase 3 ENSURE program and phase 2 CALLIPER trial in 2023, highlighting the drug's potential through its neuroprotective and anti-inflammatory effects.

Immunic, Inc. (Nasdaq: IMUX), a clinical-stage biopharmaceutical company, will participate in several investor and scientific conferences during November and December 2022. Key events include:

• November 17: A webcast discussing multiple sclerosis research and vidofludimus calcium development at 11:00 am ET.
• December 1: Fireside chat at the Piper Sandler Healthcare Conference at 12:30 pm ET.
• November 29 - December 2: Presentations at various conferences, including a poster on IMU-856 in Perth, Australia.

For more details, visit www.imux.com.

Immunic, Inc. (Nasdaq: IMUX) reported a net loss of approximately $21.2 million for Q3 2022, a loss of $0.69 per share, compared to $19.3 million the previous year. Cash and equivalents totaled $72.8 million as of September 30, 2022, bolstered by a $60 million private placement in October. The interim analysis of the phase 1b trial for IMU-935 in psoriasis showed no significant benefit over placebo. Despite this, Immunic remains optimistic about the drug's potential. They also reported positive results for IMU-856 and are advancing their phase 2 CALLIPER trial for IMU-838 in multiple sclerosis.

Immunic, Inc. (Nasdaq: IMUX), a clinical-stage biopharmaceutical company, will announce its financial results for Q3 2022 on November 3, 2022, before U.S. market opening. The announcement will include a corporate update, followed by a webcast at 8:00 am ET. Immunic is focused on developing selective oral immunology therapies targeting chronic inflammatory and autoimmune diseases, with key products in its pipeline, including IMU-838 for multiple sclerosis and IMU-935 targeting psoriasis.

Immunic, Inc. (Nasdaq: IMUX) announced the results of an interim analysis from its Phase 1b clinical trial of IMU-935 for moderate-to-severe psoriasis. The analysis revealed that the treatment arms did not significantly outperform a high placebo response at four weeks. While no new safety signals were identified, the unexpected high placebo rates were disappointing and will require further investigation. Despite this, the company remains optimistic about IMU-935's potential and will continue its development, with cash reserves expected to fund operations into Q4 2024.

Immunic, Inc. (Nasdaq: IMUX) announced a $60 million PIPE financing agreement to issue 8,696,552 shares at $4.35 per share and 5,096,552 Pre-Funded Warrants at $4.34 each. The deal, with participation from notable investors, is set to close on October 12, 2022. Proceeds will fund clinical development for leading candidates IMU-838, IMU-935, and IMU-856, enhancing Immunic's pipeline for chronic inflammatory and autoimmune diseases. The company also anticipates initial clinical activity data for IMU-935 in psoriasis later this month.