Forum Topics IMU IMU ASX Announcements

Pinned straw:

Added 2 years ago

Long letter from Paul Hopper Exec Chairman re: how IMU is in the best shape its ever been and to keep patient re: share price: shorturl.at/rxLV5

I'll admit to feeling more confident for having read the letter in its entirety. I especially like IMU's invite to JPMorgan's prestigious Biotech conference next week, this should give more exposure. Letter also raises, but doesn't answer, questions about a major buyer involved (behind?) the recent 80M raise.

On page 1, a summary of IMU status/activity:

The fundamentals of your company:

• Approx $160m in the bank, which provides us with multiple years of funding runway and one of the strongest cash positions of any ASX biotech;

• Three distinct technology platforms: onCarlytics; Oncolytic viruses & B cell technologies;

• Five unique assets: onCARlytics (CF33-CD19), CHECKvacc (CF33-hNIS-PDL1), Vaxinia (CF33-hNIS), HER-Vaxx, PD1-Vaxx;

• Five clinical trials are currently ongoing;

• Four clinical trials to commence over 2023;

• Four FDA-approved INDs;

• One IND to be submitted in 2023;

• Ten disease areas;

• Three scientific collaborations;

• Two supply agreements with Roche and Merck KGaA/Pfizer.

zerocool
Added one year ago

6 months ago, IMU noted it had $160m cash and was one of the best funded biotechs in Australia.

share price has dropped significantly since then and now in a trading halt pending potential cap raise!

https://clients3.weblink.com.au/smallcaps/announcement.aspx?articleID=398180

disc. held

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rmoss
Added one year ago

Yep this is a hard one to digest, raising at this share price, all will be revealed soon enough but it is hard not to be a little cynical

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