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Mar 31, 2023

Immunic Q1 2023 Earnings Report

Announced first quarter 2023 financial results and provided a corporate update, highlighting positive results from the Phase 1b clinical trial of IMU-856 in celiac disease and progress in the Phase 2 CALLIPER trial of Vidofludimus Calcium in progressive multiple sclerosis.

Key Takeaways

Immunic reported positive results from the Phase 1b clinical trial of IMU-856 in celiac disease, demonstrating improvements in histology, disease symptoms, biomarkers, and nutrient absorption. The company is preparing for a Phase 2b clinical trial of IMU-856 in celiac disease patients. Additionally, data from the maintenance phase of the Phase 2b CALDOSE-1 trial of vidofludimus calcium in ulcerative colitis showed statistically significant activity compared to placebo. The company expects an interim biomarker analysis from the Phase 2 CALLIPER trial of vidofludimus calcium in progressive MS in the second half of 2023.

Reported positive data from the maintenance phase of the phase 2b CALDOSE-1 trial of vidofludimus calcium in patients with moderate-to-severe ulcerative colitis (UC).

Announced positive results from our phase 1b clinical trial of IMU-856 in patients with celiac disease.

Preparing for a phase 2b clinical trial of IMU-856 in ongoing active celiac disease patients.

Next value inflection point will be a second half 2023 interim biomarker analysis of our phase 2 CALLIPER trial in progressive MS.

EPS
-$0.58
Previous year: -$0.74
-21.6%
Cash and Equivalents
$97.1M
Previous year: $109K
+88623.6%
Free Cash Flow
-$19.6M
Previous year: -$20.7M
-5.2%
Total Assets
$109M
Previous year: $150M
-27.4%

Immunic

Immunic

Forward Guidance

Immunic expects its cash, cash equivalents and investments to fund operations into the fourth quarter of 2024.