Imugene Releases June 2020 Quarter Results, Stock Soars ~15%

  • Jul 27, 2020 AEST
  • Team Kalkine

Imugene Limited (ASX:IMU) is trading ~15 per cent higher at $0.061 (12:41 PM AEST) following the release of its Quarterly Activities and Cash Flow Report for the quarter ended 30th June 2020.

Below are the key highlights of June 2020 quarter results:

  • Preclinical research related to Mimotope vaccines targeting immune checkpoint inhibitors was published in “Frontiers in Immunology” journal.
  • Independent Data Monitoring Committee (IDMC) validated HER-Vaxx safety and recommended continuation of study without modification.
  • Imugene received acceptances for two abstract presentations presented at the American Association for Cancer Research 2020 Annual Meeting.

Post the reporting period, the Company also attained Human Research Ethics Committee (HREC) approvals to initiate PD1-Vaxx‘s Phase I trial in Australia.

Imugene’s cash balance stood at $30.1 million as at 30th June 2020.


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