Report

Immunicum - New CEO and data update from MERECA

Last Friday, Immunicum announced that Sven Rohmann was appointed as CEO with immediate effect. Immunicum has been searching for a new management leader for a while now, with current CSO and co-founder Alex Karlsson-Parra acting as interim CEO. Dr Rohmann brings 30 years of experience as a senior executive at biotech and large pharma companies and has an extensive track record of transactions and fund-raising experience. So, the right CEO at the right time for Immunicum, in our view. These developments follow R&D updates over the summer. The latest follow-up update from the Phase II MERECA trial showed that median OS was reached in the control arm, but not yet in the ilixadencel arm, while the Phase Ib/II ILIAD trial is moving into the non-staggered phase. Our valuation is little changed at SEK2.27bn or SEK24.6 per share.
Underlying
Immunicum AB

Immunicum AB is a Sweden-based company principally engaged in the biopharmaceutical sector. The Company develops immunotherapy for therapeutic treatment of cancer and infectious diseases. The Company uses therapeutic vaccines to treat an already existing disease and is thus given to the already sick patients; therapeutic cancer vaccines administered to patients in order to delay or stop tumor cell growth, shrink tumors, prevent relapse, or to kill cancer cells that could not be eliminated with other treatments. The Company has several technology platforms, such as The Combig, Intuvax@, Subcuvax@ and The CD70, among others. The Company has several projects which are related to kidney cancer and liver cancer, among others.

Provider
Edison Investment Research
Edison Investment Research

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.

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Analysts
Sean Conroy

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