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Stock impact report

Immunic secures $400M to support late-stage MS trials - ICYMI [Yahoo! Finance]

Immunic, Inc. (IMUX) 
Company Research Source: Yahoo! Finance
Immunic Inc (NASDAQ:IMUX) earlier this week outlined how a newly secured up to $400 million private placement is set to support completion of late-stage trials and prepare the company for a potential commercial launch of vidofludimus calcium in multiple sclerosis. Speaking to Proactive, CEO Dr Daniel Vitt described the financing as “a transformative transaction for the company,” noting that $200 million has already been received, with the remainder available in a second tranche. He said the raise equips the company with the flexibility required to transition into a commercial-stage organization as it approaches a pivotal data milestone. The primary near-term catalyst is the Phase 3 ENSURE program in relapsing multiple sclerosis (RMS), comprising two twin studies. Vitt confirmed that an interim analysis conducted in 2024 resulted in the Independent Data Monitoring Committee recommending the trials continue as planned. Topline data from the four-year, 2,200-patient program is e Show less Read more
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