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Immatics N.V - IMTX STOCK NEWS

Welcome to our dedicated page for Immatics N.V news (Ticker: IMTX), a resource for investors and traders seeking the latest updates and insights on Immatics N.V stock.

Overview of Immatics N.V.

Immatics N.V. (NASDAQ: IMTX) is a clinical-stage biopharmaceutical company dedicated to pioneering transformative T-cell redirecting immunotherapies for the treatment of cancer. Operating at the intersection of immunology and oncology, Immatics leverages cutting-edge scientific innovation to develop therapeutic solutions targeting both solid and liquid tumors. The company’s mission is to harness the power of the immune system to improve outcomes for cancer patients worldwide.

Core Technologies and Platforms

Central to Immatics’ operations are its proprietary platforms, which drive the discovery and development of novel cancer therapies:

  • Xpresident® Technology: This proprietary platform enables the identification and validation of tumor-specific targets by analyzing the immunopeptidome. Xpresident® is instrumental in discovering novel tumor antigens, with approximately 80% of its identified targets being unique to Immatics.
  • TCER® (T Cell Engaging Receptor) Molecules: These next-generation, off-the-shelf biologics are designed to redirect and activate T cells against cancer cells. TCER® molecules combine a high-affinity TCR domain targeting tumor-specific peptides and a low-affinity T-cell recruiter domain to minimize toxicity while maximizing efficacy. The inclusion of an Fc-part ensures extended half-life, stability, and manufacturability.

Therapeutic Approaches

Immatics focuses on two primary therapeutic modalities:

  • Adoptive Cell Therapies (ACT): These therapies involve engineering a patient’s T cells to specifically target and eliminate cancer cells. Immatics’ ACT programs are designed to target solid tumors with high precision and efficacy.
  • Bispecific TCR Molecules: These antibody-like biologics are engineered to engage T cells and direct them to attack tumor cells. The bispecific design allows for broad applicability and immediate availability, overcoming some of the logistical challenges associated with cell-based therapies.

Market Position and Differentiation

Immatics operates within the highly competitive and rapidly evolving oncology therapeutics market. Its differentiation stems from its proprietary technology platforms, which enable the discovery of novel tumor targets and the development of therapies with optimized efficacy and safety profiles. By focusing on both solid and liquid tumors, the company addresses a wide range of unmet medical needs. Additionally, the off-the-shelf nature of TCER® molecules enhances scalability and accessibility, making these therapies more practical for broader patient populations.

Revenue Model and Strategic Collaborations

Immatics generates revenue through strategic collaboration agreements with leading pharmaceutical and biotechnology companies. These partnerships leverage Immatics’ expertise in target discovery and therapy development while providing resources and market access to advance its clinical programs. Such collaborations are a cornerstone of the company’s business model, enabling it to focus on innovation while sharing the risks and rewards of drug development.

Challenges and Opportunities

The oncology therapeutics market is characterized by intense competition, stringent regulatory requirements, and high development costs. Immatics must navigate these challenges while maintaining its focus on innovation and differentiation. However, the company’s proprietary platforms and emphasis on novel tumor targets position it well to capitalize on the growing demand for effective and accessible cancer therapies.

Conclusion

Immatics N.V. stands at the forefront of cancer immunotherapy, driven by its commitment to leveraging T-cell technology to transform patient outcomes. With its proprietary platforms, innovative therapeutic approaches, and strategic collaborations, the company is well-positioned to address some of the most pressing challenges in oncology. By focusing on the discovery and development of novel tumor targets, Immatics continues to push the boundaries of what is possible in cancer treatment.

Rhea-AI Summary

Immatics N.V. (NASDAQ: IMTX) has announced an upcoming oral presentation at the European Society for Medical Oncology (ESMO) Congress 2024. The presentation will showcase the first proof-of-concept clinical data for TCER® IMA401, their next-generation, half-life extended TCR Bispecific molecule targeting MAGEA4/8.

The presentation, titled "Initial safety, pharmacokinetics, and anti-tumor activity data of TCER IMA401, a MAGEA4/8-directed half-life extended TCR Bispecific, in Phase 1 dose escalation," will be delivered by Dr. Martin Wermke from University Hospital Dresden, Germany. It is scheduled for September 16, 2024, at 11:25 CEST in the Granada Auditorium - Hall 6, as part of the Investigational Immunotherapy session.

Full abstracts will be available on the ESMO website on September 9, 2024, at 00:05 CEST.

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Immatics (NASDAQ: IMTX) reported its Q1 2024 financial results and provided a business update, including clinical data from their ongoing Phase 1 trial of ACTengine® IMA203 targeting PRAME. The trial showed a 55% confirmed objective response rate in heavily pre-treated metastatic melanoma patients, with tumor shrinkage in 87% and a median response duration of 13.5 months. IMA203 maintained a favorable safety profile. A Phase 2/3 trial is planned for 2024.

The company also completed a $201.5 million public offering in January 2024, ending the quarter with $609.7 million in cash and equivalents, funding operations into 2027. Q1 2024 revenues were $32.8 million, largely due to a terminated collaboration, while net loss narrowed to $3.4 million from $21.3 million in Q1 2023. Upcoming milestones include updates on IMA203, IMA203CD8, and TCER® programs in 2H 2024.

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Immatics N.V. provided an update on their ACTengine® IMA203 GEN1 in melanoma, reporting a 50% confirmed objective response rate with a median duration of response not reached at a median follow-up of 14.4 months. They also announced plans for a Phase 2/3 trial in 2L+ melanoma in 2024 and upcoming data updates for other products. Financially, Immatics completed a $201.5 million public offering in January 2024, with cash and cash equivalents totaling $470.6 million as of December 31, 2023, projecting a cash runway into 2027.
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Immatics N.V. (IMTX) announced the pricing of an underwritten public offering of 15,925,000 ordinary shares at a public offering price of $11.00 per share, expected to raise approximately $175 million in gross proceeds. The offering is expected to close on January 22, 2024, and the underwriters have a 30-day option to purchase additional shares. Jefferies, BofA Securities, and Leerink Partners are acting as joint book-running managers for the offering. The press release emphasizes that the offering is being made only by means of a prospectus supplement and accompanying prospectus, and provides contact information for obtaining copies of the final prospectus supplement and the accompanying prospectus.
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Immatics N.V. (IMTX) has announced the commencement of an underwritten public offering of its ordinary shares, led by Jefferies, BofA Securities, and Leerink Partners. The offering is subject to market conditions and other factors, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (SEC) and was declared effective on August 9, 2021. The offering will be made only by means of a prospectus supplement and accompanying prospectus. This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities.
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DISCO Pharmaceuticals, a specialist biotech company, has emerged from stealth with a transformative surfaceome discovery technology to identify new targets and develop first-in-class drugs for cancer treatment. The company has successfully raised seed financing of EUR 20 million and is backed by a world-leading investor syndicate. DISCO has completed the first-ever map of the surfaceome of Small Cell Lung Cancer and is developing proprietary antibody-based treatments for it. The company is also working on Microsatellite-Stable Colorectal Cancer and has a pipeline of further undisclosed programs. The experienced team, led by CEO Roman Thomas, includes leading biopharma executives Dieter Weinand and Carsten Reinhardt. The company's surfaceome mapping platform has the potential to transform oncology treatment options and improve outcomes for patients.
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Immatics N.V. (NASDAQ: IMTX) reported positive clinical data on ACTengine® IMA203 GEN1 and GEN2 TCR-T monotherapies targeting PRAME. The company also announced a strategic collaboration with Moderna and received an equity investment from Bristol Myers Squibb. Immatics' cash position is strong, with a projected cash runway into 2026.
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IMTX: Immatics N.V. to Host Conference Call and Webcast to Discuss Positive Interim Data from Ongoing Phase 1 Trial with ACTengine® IMA203 in Patients with Solid Cancers, Including Melanoma. Key highlights include 50% confirmed objective response rate in melanoma patients treated at recommended Phase 2 dose, ongoing responses at >15 months, and plans to enter registration-enabling Phase 2 trial in melanoma in 2024.
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Immatics' IMA203 TCR-T program receives RMAT designation from FDA CBER for multiple PRAME-expressing tumors, including melanoma and ovarian cancer. The designation enhances the company's efforts to accelerate the development of IMA203 and brings potential benefits for advanced-stage solid tumor patients.
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Protalix BioTherapeutics appoints Eliot Richard Forster, Ph.D. as Chairman of the Board of Directors, effective September 14, 2023. Zeev Bronfeld to retire from the Board. Forster's extensive experience in the life sciences industry is expected to strengthen the company's research and development efforts.
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FAQ

What is the current stock price of Immatics N.V (IMTX)?

The current stock price of Immatics N.V (IMTX) is $4.38 as of February 28, 2025.

What is the market cap of Immatics N.V (IMTX)?

The market cap of Immatics N.V (IMTX) is approximately 532.4M.

What does Immatics N.V. specialize in?

Immatics N.V. specializes in the development of T-cell redirecting immunotherapies for the treatment of cancer, focusing on both adoptive cell therapies and bispecific TCR molecules.

What are Immatics’ proprietary platforms?

Immatics’ proprietary platforms include Xpresident® for tumor target discovery and TCER® for developing off-the-shelf T-cell redirecting biologics.

How does Immatics generate revenue?

Immatics generates revenue through strategic collaboration agreements with pharmaceutical and biotechnology companies, leveraging its expertise in target discovery and therapy development.

What differentiates Immatics from other cancer immunotherapy companies?

Immatics differentiates itself through its proprietary platforms, focus on novel tumor targets, and development of scalable, off-the-shelf therapies like TCER® molecules.

What types of cancer does Immatics target?

Immatics targets both solid and liquid tumors, addressing a wide range of cancer types with unmet medical needs.

What are TCER® molecules?

TCER® molecules are off-the-shelf biologics designed to redirect and activate T cells to attack cancer cells, combining high efficacy with reduced toxicity.

What is Xpresident® technology?

Xpresident® is Immatics’ proprietary platform for identifying and validating tumor-specific targets by analyzing the immunopeptidome.

What is the significance of Immatics’ off-the-shelf therapies?

Off-the-shelf therapies like TCER® molecules are immediately available for treatment, making them more scalable and accessible compared to personalized therapies.

Who are Immatics’ competitors?

Immatics competes with other biopharmaceutical companies specializing in cancer immunotherapies, such as those developing CAR-T therapies and bispecific antibodies.

What challenges does Immatics face in the oncology market?

Immatics faces challenges such as intense competition, regulatory hurdles, and high development costs in the oncology therapeutics market.
Immatics N.V

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532.39M
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68.73%
5.61%
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