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Stock impact report

Biotech Breakout: This Microcap Locks In Up to $400 Million to Fuel Late-Stage Push [Globe and Mail, The (Toronto, Canada)]

Immunic, Inc. (IMUX) 
As clinical-stage companies approach pivotal trials and potential commercialization, access to substantial funding can dramatically reshape both timelines and investor perception. Shares of Immunic, Inc. ( Nasdaq: IMUX ) are climbing Friday morning after the late-stage biotechnology company announced an oversubscribed private placement of up to $400 million, priced at the market under Nasdaq rules. The financing includes $200 million in upfront gross proceeds, with the potential for an additional $200 million upon exercise of accompanying warrants. The company stated that the proceeds are expected to accelerate its transition from a research-driven organization into a fully integrated commercial-stage company. Immunic plans to use the capital to complete its ongoing Phase 3 ENSURE clinical trials of vidofludimus calcium in relapsing multiple sclerosis, with top-line data anticipated by the end of 2026. Management indicated that, pending positive results, a New Drug Application sub Show less Read more
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