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Mar 31, 2024
Immunome Q1 2024 Earnings Report
Reported financial results for the first quarter ended March 31, 2024, and provided a business update.
Key Takeaways
Immunome reported its Q1 2024 financial results, highlighting the completion of AL102 integration and progress in regulatory submissions. The company is also advancing IM-1021 and IM-3050 towards clinical trials and focusing on developing next-generation ADC technology.
Completed the integration of AL102 and are executing activities necessary for regulatory submissions.
Completed the integration of IM-1021 and are advancing that program and IM-3050 towards clinical trials.
Working internally to design and develop additional next-generation ADC technology.
Purchase of AL101 and AL102 from Ayala Pharmaceuticals closed on March 25, 2024.
Revenue by Segment
Forward Guidance
Immunome anticipates several key milestones, including reporting topline data for the RINGSIDE Part B study of AL102 in the second half of 2025 and submitting INDs for IM-1021 and IM-3050 in the first quarter of 2025.
Positive Outlook
- Expects to report topline data for RINGSIDE Part B in the second half of 2025.
- Anticipates submitting INDs for two preclinical candidates in the first quarter of 2025: IM-1021, a ROR1 ADC, and IM-3050, a FAP-targeted RLT.
- Ability to expand its pipeline through both internal and external efforts.
- Focus on developing first-in-class or best-in-class potential programs.
- Aims to improve the lives of cancer patients.
Challenges Ahead
- Risk that Immunome will not be able to realize the benefits of its strategic transactions.
- Immunome’s ability to grow and successfully execute on its business plan, including the development and commercialization of its pipeline and integration of newly acquired assets.
- The risk that regulatory approvals for Immunome’s programs and product candidates are not obtained, are delayed or are subject to unanticipated conditions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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