Immix Biopharma - IMX-110 clinical expansion on the horizon
Immix Biopharma’s 9M22 financial results were consistent with our full year estimates. The company reported operating losses of US$4.4m, up from US$0.8m in 9M21, due to the increased costs associated with the clinical development activities for the company’s lead asset, IMX-110. With a net cash position of US$16.9m at end Q322, and based on our projected cash burn rates, we estimate Immix’s operations are funded into Q424, past rolling clinical readouts from its Phase IIa study in soft tissue sarcoma (STS) and its Phase Ib in advanced solid tumours in FY23. Our valuation of Immix Biopharma is largely unchanged at US$55.4m or US$4.0 per share.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.