Positive Results from OVATION 2 Study
IMNN-001 combined with standard chemotherapy showed a median overall survival increase of 13 months (46 months vs. 33 months), a 45% improvement, with a hazard ratio of 0.69.
Rapid Phase III Trial Activation
OVATION 3 Phase III trial was activated in 15 weeks, nearly half the industry benchmark time of 28 weeks, demonstrating agility and strong interest from investigators.
Strong Financial Management
R&D expenses decreased significantly from $2.8 million to $1.2 million, and G&A expenses fell from $2.2 million to $1.5 million year-over-year, reflecting cost management.
Innovative Financing Strategy
Implemented a 15% stock dividend to enhance shareholder value and minimize dilution, along with securing $3 million through warrant exercises and ATM sales.
Interest from Global Investigators
There is a notable interest from global investigators to participate in OVATION 3, driven by positive Phase II data and presentations at major conferences.