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Stock impact report

Immunic sets stage for phase 3 MS data readout after $400M financing [Yahoo! Finance]

Immunic, Inc. (IMUX) 
Company Research Source: Yahoo! Finance
Immunic Inc (NASDAQ:IMUX) said it is entering a pivotal period for its multiple sclerosis program after securing up to $400 million in new financing and advancing its lead drug into late-stage development, with key data expected by the end of 2026. The biotechnology company's oral candidate, vidofludimus calcium (IMU-838), is currently being evaluated in the twin phase 3 ENSURE-1 and ENSURE-2 trials in relapsing multiple sclerosis (RMS). Top-line results from the studies are anticipated by year-end 2026, a major catalyst that could pave the way for a planned US New Drug Application submission in mid-2027 and a targeted potential approval in 2028. To support those milestones, Immunic in February completed an oversubscribed private placement of up to $400 million in gross proceeds, including $200 million upfront. The transaction was led by existing investor BVF Partners L.P. and included participation from a group of new and current institutional backers. CEO Daniel Vitt said t Show less Read more
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