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Immutep Ltd ( (AU:IMM) ) has provided an update.
Immutep reported a pivotal quarter marked by a strategic licensing and collaboration deal with Dr. Reddy’s for the commercialisation of eftilagimod alfa in most ex-U.S./EU markets, delivering an upfront payment of about A$30 million and access to up to roughly A$528 million in potential milestones plus royalties, while Immutep retains key-market rights and global manufacturing. The company highlighted strong clinical and regulatory momentum for efti, including robust enrolment and an upcoming futility analysis in the Phase III TACTI-004 lung cancer trial, positive Phase I/II data in first-line non-small cell lung cancer and soft tissue sarcoma, confirmation from the U.S. FDA of a 30 mg optimal biological dose, and encouraging immunosuppressive signals from IMP761 in Phase I; together with a pro-forma cash balance of about A$129.3 million and a French R&D tax incentive, these developments significantly extend Immutep’s cash runway and strengthen its positioning in the competitive oncology and autoimmune immunotherapy landscape.
The most recent analyst rating on (AU:IMM) stock is a Hold with a A$0.46 price target. To see the full list of analyst forecasts on Immutep Ltd stock, see the AU:IMM Stock Forecast page.
More about Immutep Ltd
Immutep Limited is a late-stage immunotherapy company focused on developing treatments for cancer and autoimmune diseases, led by its first-in-class antigen-presenting cell activator eftilagimod alfa (efti) and its LAG-3 agonist antibody IMP761. The company is advancing multiple global clinical programs in lung, breast and soft tissue sarcoma cancers while retaining manufacturing rights to efti worldwide and core commercial rights in major markets such as North America, Europe and Japan.
Average Trading Volume: 3,752,497
Technical Sentiment Signal: Buy
Current Market Cap: A$677.9M
For a thorough assessment of IMM stock, go to TipRanks’ Stock Analysis page.