What's Going On With Cancer-Focused Immuneering Stock On Thursday?
Portfolio Pulse from Vandana Singh
Immuneering Corporation (NASDAQ:IMRX) announced positive topline results from the Phase 1 trial of IMM-1-104 for treating advanced RAS-mutant solid tumors. The trial showed promising efficacy and safety profiles, with significant lesion regression and no new acquired alterations in RAS or MAPK pathway genes. Immuneering has selected a 320mg dose for the Phase 2a study, with initial Phase 2a data expected in 2024. Despite the positive news, IMRX shares dropped 44.80% to $3.25.
March 14, 2024 | 4:36 pm
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Immuneering Corporation announced positive Phase 1 trial results for IMM-1-104, showing efficacy and safety in treating advanced RAS-mutant solid tumors. Despite this, shares fell 44.80% to $3.25.
Despite Immuneering Corporation announcing positive trial results, which typically would be expected to have a positive impact on the stock price, IMRX shares experienced a significant drop. This could be due to market expectations already pricing in the positive results, or concerns about the broader market or the company's future prospects.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100