earnings
confidence high
sentiment positive
materiality 0.75
Imunon Q3 net loss $3.5M; OVATION 2 shows 33% PFS improvement, OS benefit
Imunon, Inc.
2023-Q3 EPS reported
-$1.64
- Net loss of $3.5M ($0.37 per share) vs $6.1M loss in Q3 2022; operating expenses down 38% to $3.9M.
- Cash and equivalents $19.5M as of Sept 30, 2023; expects $1.8M from NJ NOL sales.
- Interim OVATION 2 data: PFS improved ~33% in treatment arm; OS improved ~9 months; median PFS 23.7 months with PARP inhibitor combo vs 15.7 months control.
- Enrolled first patient in Phase 1/2 trial of IMNN-001 + bevacizumab at MD Anderson; IND filing for IMNN-101 COVID booster on track for Q1 2024.
- Entered CRADA with NIAID for Lassa virus vaccine evaluation.