earnings
confidence high
sentiment positive
materiality 0.80
Immunocore reports Q2 2024 revenue growth of 32% driven by KIMMTRAK sales of $75.3 million
Immunocore Holdings plc
2024-Q2 EPS reported
-$0.72
revenue$145,902,000
- KIMMTRAK net revenues were $75.3 million in Q2 2024, up 32% year-over-year, driven by US growth and global expansion.
- Registrational Phase 3 TEBE-AM trial for KIMMTRAK in cutaneous melanoma converted from Phase 2/3; enrollment completion expected in 1H 2026.
- First patient randomized in Phase 3 PRISM-MEL-301 trial evaluating brenetafusp + nivolumab in first-line cutaneous melanoma.
- Cash and equivalents at $859.6 million; company plans to repay $50 million loan by end of 2024.
- Net loss narrowed to $11.6 million from $17.0 million in prior year quarter.