Immunome Inc Stock Price, News & Analysis

Immunome has entered a multi-year collaboration with AbbVie to discover up to 10 novel target-antibody pairs through Immunome’s Discovery Engine. This agreement includes a $30M upfront payment and potential further payments totaling up to $70M for platform access, along with development milestones of up to $120M per target. AbbVie aims to enhance its oncology pipeline with Immunome’s innovative technology, which leverages human memory B cells for effective cancer therapeutics.

AbbVie and Immunome have announced a collaboration to discover up to 10 novel antibody-target pairs for oncology. Immunome will receive an upfront payment of $30M and could earn up to $70M in additional platform access fees, plus milestones totaling $120M per target and tiered royalties on global sales. This partnership underscores AbbVie's commitment to innovative cancer therapies and leverages Immunome's unique Discovery Engine, aimed at unlocking new therapeutic candidates for solid tumors. Both companies aim to enhance treatment approaches for patients with life-threatening cancers.

Immunome, Inc. (Nasdaq: IMNM) reported third-quarter 2022 financial results, showcasing a net loss of $8.5 million and R&D expenses of $5.2 million. As of September 30, 2022, the company held $27.1 million in cash. Immunome is advancing its clinical trial for the COVID-19 antibody, IMM-BCP-01, and plans to submit an IND for the oncology product, IMM-ONC-01, by mid-2023. The company also presented promising preclinical data on the anti-EPN1 antibody, IMM20059, indicating potential for tumor regression when combined with an existing treatment.

Immunome presented preclinical results for IMM20059, an anti-epsin 1 (EPN1) antibody, at the Society for Immunotherapy of Cancer's annual meeting in Boston. The antibody showed significant effectiveness, achieving over a 50% reduction in tumor volume when combined with atezolizumab compared to individual treatments. EPN1 is upregulated in multiple cancers, indicating potential for improved therapeutic responses. Further studies will explore the combinatorial effects of IMM20059 and anti-PD-L1 treatment.

Immunome, Inc. (NASDAQ: IMNM) announced a peer-reviewed study in Clinical & Translational Immunology, focusing on B cell repertoires in breast cancer patients. The study, conducted with the University of Vermont and the University of Pennsylvania, explores tumor-specific B cell clonal lineages. Key findings include increased frequencies of tumor-specific B cells in tumors versus blood, and insights into the relationship between tumor features and B cell targeting. Immunome aims to leverage these findings for innovative cancer therapies.

Immunome, a biopharmaceutical firm, reported its Q2 2022 results, marking its transition into a clinical stage company. The company continues to dose patients in its Phase 1b study of the COVID-19 antibody cocktail, IMM-BCP-01, which retains neutralizing activity against prevalent Omicron subvariants. Immunome also provided updates on its oncology candidate, IMM-ONC-01, emphasizing its potential in multiple cancers. Financially, R&D expenses were $5.7 million, with a net loss of $8.9 million. Cash reserves stood at $34.6 million as of June 30, 2022.

Immunome Inc. (NASDAQ: IMNM) announces that its COVID-19 therapeutic, IMM-BCP-01, showed effectiveness against the BA.4/5 and BA.2.12.1 subvariants in recent pseudovirus tests. This three-antibody cocktail is currently in Phase 1b clinical trials, with topline data expected in the second half of 2022. Funded by the U.S. Department of Defense, the investigational treatment aims to address the ongoing pandemic. As of June 25, 2022, these subvariants constituted over 90% of COVID-19 cases in the U.S.

Immunome (NASDAQ: IMNM) has initiated a Phase 1b clinical trial of its antibody cocktail, IMM-BCP-01, for treating COVID-19, with the first patient dosed. The study focuses on safety as the primary endpoint, assessing pharmacokinetics and virology as secondary outcomes. Topline results are expected later this year. Previous data indicates that IMM-BCP-01 effectively targets Omicron variants in vitro. The trial is funded by the U.S. Department of Defense, underscoring its significance in combating COVID-19.

Immunome, Inc. (NASDAQ: IMNM) has announced that its President and CEO, Purnanand Sarma, PhD, will present at the Jefferies Healthcare Conference on June 9 at 2:30 p.m. ET. The event will be accessible via a live audio webcast on the company's website, with a replay available for 90 days post-event. Immunome focuses on developing first-in-class antibody therapeutics using its human memory B cell platform, targeting oncology and infectious diseases, including COVID-19. For more details, visit www.immunome.com.