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Immunome Priced, Nasdaq: IMNM

Preclinical biotech developing antibody therapies for cancer and infectious diseases.

Industry: Health Care

Latest Trade: $18.35 +0.13 (+0.7%)

First Day Return: +12.1%

Return from IPO: +51.8%

Industry: Health Care

We are a biopharmaceutical company utilizing our proprietary human memory B cell platform to discover and develop first-in-class antibody therapeutics designed to change the way diseases are currently being treated. Our proprietary discovery platform identifies novel therapeutic antibodies and their targets by leveraging highly educated components of the immune system, memory B cells, from patients who have learned to fight off their disease. Our platform is differentiated from those of other biotechnology companies because of our unbiased, broad, deep and efficient approach to identifying novel antibody-target pairs that may be useful in treating cancer and infectious diseases. To date, we have processed more than 150 cancer patient memory B cell samples and have generated and screened more than 250,000 hybridomas, or forms of B cell clones, produced by fusion with an immortal partner cell line. The resulting immortalized hybrid cells produce a single antibody for extended periods of time, and we have successfully identified approximately 1,200 individual antibodies, which we refer to as hits, that appear to bind either a cancer cell or a tumor extract with high-affinity and specificity. One of these unique targets is interleukin-38 a small protein, secreted by various cells of the body, which appears to function as a novel immune checkpoint inhibitor, and is the current focus of our lead discovery program, IMM-ONC-01. Upon successful completion of our preclinical evaluation, we expect to file an investigational new drug, or IND, application with the FDA in connection with this program in the second half of 2021.
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IPO News for Immunome
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IPO Data
IPO File Date 09/09/2020
Offer Price $12.00
Price Range $11.00 - $13.00
Offer Shares (mm) 3.3
Deal Size ($mm) $39
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/01/2020
Offer Price $12.00
Price Range $11.00 - $13.00
Offer Shares (mm) 3.3
Deal Size ($mm) $39
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Exton, PA
Founded 2006
Employees 21
Website www.immunome.com