IMNMNasdaqPharmaceutical PreparationsUS GAAP · USD

Immunome Inc.

Immunome Inc. is a U.S.-based biotechnology company developing targeted oncology therapies, with a pipeline spanning clinical and preclinical assets. Its lead focus is varegacestat for desmoid tumors, alongside antibody-drug conjugate and radioligand programs aimed at cancer indications with high unmet need.

Liikevaihto6,9milj. USD
−23,2 %v/v
Liikevoitto (EBIT)−224milj. USD
+26,7 %v/v
EBIT-marginaali−3 228,8%
+153,5 %-yks.v/v
Nettotulos−212milj. USD
+27,5 %v/v
Vapaa kassavirta−201milj. USD
−70,1 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−400−300−200−1000100milj. USD2020: EBIT −12 milj. USD20202021: EBIT −25 milj. USD20212022: EBIT −37 milj. USD20222023: 14 milj. USD2023: EBIT −110 milj. USD20232024: 9,0 milj. USD2024: EBIT −306 milj. USD20242025: 6,9 milj. USD2025: EBIT −224 milj. USD20256,9−224
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Lead clinical oncology asset0 %

Varegacestat is the company's most advanced program, targeting desmoid tumors with planned NDA submission.

Antibody-drug conjugates0 %

ADC programs include IM-1021 and multiple preclinical solid tumor candidates built on the company's target and payload platform.

Radioligand therapy0 %

IM-3050 is a FAP-targeted radioligand therapy intended for oncology use after IND clearance.

Collaboration revenue100 %

Historical revenue came from a collaboration and option agreement with AbbVie, which has now terminated.

Asiakkaat

Immunome does not yet sell approved products commercially; its current 'customers' are primarily regulators, clinical investigators, and future oncology treatment centers that will support development and eventual adoption. If approved, varegacestat would be marketed to specialized treatment centers treating desmoid tumor patients, while broader oncology programs would target hospitals and cancer centers.

Desmoid tumor treatment centers

Specialized centers that would prescribe varegacestat if approved, because desmoid tumors are a niche oncology indication.

Cancer hospitals and academic centers

Sites participating in trials and, later, using ADC or radioligand therapies for hematologic and solid tumors.

Strategic partners

Pharma or biotech partners that may collaborate on ex-U.S. commercialization or development.

Payers and health systems

Organizations that will influence reimbursement and access for any approved oncology products.

Strategia

The company is prioritizing late-stage development and regulatory preparation for varegacestat while continuing to advance IM-1021, IM-3050, and earlier-stage ADC assets. Its strategy is to combine internal commercialization capability in the U.S. with flexible ex-U.S. partnering, using its ADC and oncology discovery platform to build a broader pipeline.

Regulatory submission and launch preparation for varegacestatLyhyt aikaväli

This is the nearest-term value driver and the first potential commercial product.

Advance IM-1021 and IM-3050 clinical developmentKeskipitkä aikaväli

These programs diversify the pipeline beyond the lead asset and validate the platform.

Broaden the ADC platform with preclinical assetsKeskipitkä aikaväli

A wider pipeline increases the chance of future clinical and partnering success.

Maantiede

Immunome is headquartered in the United States and expects to commercialize varegacestat first through a U.S.-focused internal organization if approved. Outside the U.S., it may retain rights in key markets such as Europe or pursue partnerships, so future revenue and operating footprint could become more international over time.

Riskit

Immunome remains a development-stage biopharma company with no approved product revenue, so execution risk is concentrated in clinical, regulatory, and financing milestones. The company also faces intense oncology competition, manufacturing and supply-chain dependencies, and the possibility that its lead asset or platform programs fail to achieve approval or commercial traction.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Clinical development failure or delay1Regulatory approval risk2Financing and cash burn3Competitive pressure in oncology4Third-party manufacturing and supply dependence5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Clinical development failure or delayVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The pipeline is still in development, and setbacks in Phase 1/3 trials could postpone or eliminate future revenue.

    KohdistuuVaregacestatIM-1021IM-3050Preclinical ADCs
  2. Regulatory approval riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The company has not yet obtained NDA/BLA approval, so commercialization depends on FDA and other regulators.

    Kohdistuu: Lead asset varegacestat and future pipeline assets

  3. Financing and cash burnVaikutus: KorkeaTodennäköisyys: Kohtalainen

    R&D and launch preparation require substantial capital before product revenue begins.

    Kohdistuu: Ongoing clinical development and commercial buildout

  4. Competitive pressure in oncologyVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Larger pharma and biotech peers may reach market first or offer superior efficacy/safety.

    KohdistuuDesmoid tumorsROR1 ADCsBroader oncology targets
  5. Third-party manufacturing and supply dependenceVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Clinical and launch timelines depend on external manufacturing and diagnostic supply chains.

    Kohdistuu: IM-3050 radiotracer supply and future commercial supply chain

Kirjanpito

Harkinnanvaraiset erät
Collaboration revenue recognition

Revenue was recognized over the performance period under the AbbVie agreement, and that source has now ended.

Vaikutus: No further collaboration revenue will be recognized from that contract

Research and development expense

Clinical trial, manufacturing, and preclinical spend drive the largest operating cost line.

Vaikutus: Quarterly losses can change materially with program timing

Share-based compensation

Non-cash equity compensation is embedded in both R&D and G&A.

Vaikutus: Affects operating loss without immediate cash outflow

IPR&D and asset acquisition accounting

Acquired development assets may be expensed immediately if they have no alternative future use.

Vaikutus: Can create large one-time charges and distort period comparability

Contingent milestone and royalty obligations

License and acquisition agreements may require future payments upon development or approval milestones.

Vaikutus: Potential future liabilities and cash outflows

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026