- New Drug Application (NDA) submitted to the
U.S. Food and Drug Administration (FDA) inApril 2026 seeking approval of varegacestat for the treatment of adults with desmoid tumors - Detailed Phase 3 RINGSIDE data selected for oral presentation at the 2026
American Society of Clinical Oncology (ASCO) Annual Meeting - Phase 1 study ongoing for IM-1021, with initial lymphoma data expected in 2026
- Investigational New Drug (IND) clearance received in
April 2026 for IM-1617, a potential first-in-class solid tumor antibody-drug conjugate (ADC)
“This quarter reflects the progress we are making in building
Pipeline Highlights
Varegacestat:
- In
April 2026 ,Immunome submitted an NDA to theU.S. FDA for varegacestat for the treatment of adults with desmoid tumors. Immunome plans to submit a Marketing Authorization Application to theEuropean Medicines Agency for varegacestat by the end of 2026.- Data from RINGSIDE, the global, Phase 3, randomized, placebo-controlled trial of varegacestat in patients with progressing desmoid tumors, have been selected for presentation in an oral abstract session at the 2026 ASCO Annual Meeting.
- In
December 2025 ,Immunome announced positive topline results from RINGSIDE:- The registrational trial met its primary endpoint of improving progression-free survival vs. placebo, with a statistically significant and clinically meaningful 84% reduction in the risk of disease progression or death (hazard ratio = 0.16, p<0.0001).
- The trial also met all key secondary endpoints, including achieving an objective response rate of 56% vs. 9% with placebo (p<0.0001), as assessed by blinded independent central review.
- In an exploratory analysis, varegacestat demonstrated a median best change in tumor volume of -83% vs. +11% with placebo, as assessed by blinded independent central review.
- Varegacestat was generally well tolerated with a manageable safety profile, consistent with the gamma secretase inhibitor class.
IM-1021: The Phase 1 clinical trial of IM-1021 is ongoing, with objective responses observed in participants with B-cell lymphoma at multiple dose levels.
IM-3050: In
IM-1617: In
Preclinical ADC Pipeline:
First Quarter 2026 Financial Results
- As of
March 31, 2026 , cash and cash equivalents totaled$582.7 million .Immunome expects its current cash position to fund operations into 2028. - Research and development expenses for the quarter ended
March 31, 2026 , were$46.4 million , including stock-based compensation costs of$3.7 million . - General and administrative expenses for the quarter ended
March 31, 2026 , were$13.0 million , including stock-based compensation expense of$4.2 million . Immunome reported a net loss of$53.8 million for the quarter endedMarch 31, 2026 .
About
Cautionary Statement Regarding Forward-Looking Statements
Statements in this press release that are not purely historical in nature are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. We use words such as “planned,” “expected,” “focused,” “advance,” “projected,” “will,” “potential,” “expect,” “intend,” “plan,” “pursue,” “support,” “expects,” “advancing,” and similar expressions to identify these forward-looking statements. These forward-looking statements include statements regarding progress of Immunome’s pipeline and achievement of key milestones; the proposed timeline for expected data with respect to Immunome’s pipeline; Immunome’s plans and timing for submission of additional INDs; the potential of Immunome’s pipeline of assets to be first-in-class and best-in-class; Immunome’s plans and timeline for initiating additional clinical trials; Immunome’s anticipated timing for submitting a Marketing Authorization Application to the
Condensed Consolidated Balance Sheets | ||||||||
(In thousands) | ||||||||
| ||||||||
| (unaudited) |
| ||||||
Assets | ||||||||
Current assets: | ||||||||
Cash and cash equivalents | $ | 582,693 |
| $ | 653,482 |
| ||
Prepaid expenses and other current assets |
| 11,616 |
|
| 7,295 |
| ||
Total current assets |
| 594,309 |
|
| 660,777 |
| ||
Property and equipment, net |
| 17,081 |
|
| 14,636 |
| ||
Operating right-of-use assets |
| 2,828 |
|
| 2,978 |
| ||
Restricted cash |
| 210 |
|
| 210 |
| ||
Other long-term assets |
| 5,364 |
|
| 4,587 |
| ||
Total assets | $ | 619,792 |
| $ | 683,188 |
| ||
Liabilities and stockholders’ equity | ||||||||
Current liabilities: | ||||||||
Accounts payable | $ | 5,534 |
| $ | 3,339 |
| ||
Accrued expenses and other current liabilities |
| 21,878 |
|
| 41,651 |
| ||
Total current liabilities |
| 27,412 |
|
| 44,990 |
| ||
Operating lease liabilities, net of current portion |
| 3,694 |
|
| 3,855 |
| ||
Total liabilities |
| 31,106 |
|
| 48,845 |
| ||
Stockholders’ equity: | ||||||||
Preferred stock |
| — |
|
| — |
| ||
Common stock |
| 11 |
|
| 11 |
| ||
Additional paid-in capital |
| 1,370,678 |
|
| 1,362,496 |
| ||
Accumulated deficit |
| (782,003 | ) |
| (728,164 | ) | ||
Total stockholders’ equity |
| 588,686 |
|
| 634,343 |
| ||
Total liabilities and stockholders’ equity | $ | 619,792 |
| $ | 683,188 |
| ||
Condensed Consolidated Statements of Operations and Comprehensive Loss | ||||||||
(In thousands, except share and per share amounts) | ||||||||
(unaudited) | ||||||||
| Three Months Ended | |||||||
| 2026 | 2025 | ||||||
Collaboration revenue | $ | — |
| $ | 2,926 |
| ||
Operating expenses: | ||||||||
Research and development(1) |
| 46,381 |
|
| 36,872 |
| ||
General and administrative(1) |
| 12,950 |
|
| 10,690 |
| ||
Total operating expenses |
| 59,331 |
|
| 47,562 |
| ||
Loss from operations |
| (59,331 | ) |
| (44,636 | ) | ||
Interest income |
| 5,492 |
|
| 2,996 |
| ||
Net loss | $ | (53,839 | ) | $ | (41,640 | ) | ||
Net loss per share, basic and diluted | $ | (0.48 | ) | $ | (0.52 | ) | ||
Weighted-average shares outstanding, basic and diluted |
| 113,136,836 |
|
| 79,410,354 |
| ||
Comprehensive loss: | ||||||||
Net loss | $ | (53,839 | ) | $ | (41,640 | ) | ||
Unrealized loss on marketable securities |
| — |
|
| (60 | ) | ||
Comprehensive loss | $ | (53,839 | ) | $ | (41,700 | ) | ||
| ||||||||
(1) Amounts include non-cash share-based compensation as follows (in thousands): | ||||||||
| ||||||||
| Three Months Ended | |||||||
| 2026 | 2025 | ||||||
Research and development | $ | 3,711 |
| $ | 2,434 |
| ||
General and administrative |
| 4,242 |
|
| 3,269 |
| ||
Total share-based compensation expense | $ | 7,953 |
| $ | 5,703 |
| ||
View source version on businesswire.com: https://www.businesswire.com/news/home/20260512068166/en/
Investor Contact:
Chief Financial Officer
investors@immunome.com
Source: