Investor SentimentGiven the negative investor sentiment surrounding brenetafusp after the ASCO melanoma data, expectations are quite low into this readout.
Reimbursement EnvironmentThe outlook in Europe is less positive, with the company citing a highly challenging reimbursement environment which could pose a risk to indication expansion in the region.
Stock PerformanceIMCR stock is in a pullback phase given ASCO data in June showed interesting and promising data for PRAME in 2L+ melanoma but underwhelmed Street expectations.