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R&D Discussion in New York City to Review IL-12’s Potential to Treat Ovarian Cancer
Program Features Ovarian Cancer Thought Leaders, OVATION 2 Study Investigators, and Oncology Experts
LAWRENCEVILLE, N.J., Aug. 28, 2024 (GLOBE NEWSWIRE) -- IMUNON, Inc. (NASDAQ: IMNN), a clinical-stage company in late-stage development with its DNA-mediated immunotherapy, invites investors to mark their calendars for its R&D Day event to be held at the Harvard Club in New York City on September 18th from 10:00 a.m. to 1:00 p.m. Eastern time.
The R&D Day event follows Imunon’s announcement of top-line data from its randomized Phase II Ovation 2 Study. These data suggest an 11.1 month increase in median OS in the intent-to-treat population, indicating a remarkable 35% improvement in survival among patients with advanced ovarian cancer.
The program will feature ovarian cancer thought leaders, principal investigators from the Company’s Phase 2 OVATION 2 Study of IMNN-001, a review of the study’s topline results and how the data will inform the Phase 3 registration study, and a discussion about the potential role of IMNN-001 in the treatment of advanced ovarian cancer. In addition, management will discuss next steps with its powerful immunotherapy and the prospects for extending patient survival.
We strongly encourage in-person attendance to facilitate networking and direct engagement with our speakers and management team. However, for those unable to attend in person, a virtual participation option will also be available.
Program details including speakers will be upcoming, along with an opportunity to RSVP for participation.
About IMUNON
IMUNON is a clinical-stage biotechnology company focused on advancing a portfolio of innovative treatments that harness the body’s natural mechanisms to generate safe, effective and durable responses across a broad array of human diseases, constituting a differentiating approach from conventional therapies. IMUNON is developing its non-viral DNA technology across its modalities. The first modality, TheraPlas®, is developed for the coding of cytokines and other therapeutic proteins in the treatment of solid tumors where an immunological approach is deemed promising. The second modality, PlaCCine®, is developed for the delivery of DNA-coded viral antigens that can elicit a strong immunological response.
The Company’s lead clinical program, IMNN-001, is a DNA-based immunotherapy for the localized treatment of advanced ovarian cancer that has completed Phase 2 clinical studies. IMNN-001 works by instructing the body to produce safe and durable levels of powerful cancer-fighting molecules, such as interleukin-12 and interferon gamma, at the tumor site. Additionally, the Company has entered a first-in-human study of its COVID-19 booster vaccine (IMNN-101). IMUNON will continue to leverage these modalities and to advance the technological frontier of plasmid DNA to better serve patients with difficult-to-treat conditions. For more information, please visit www.imunon.com.
Contacts:
IMUNON | LHA Investor Relations |
David Gaiero | Kim Sutton Golodetz |
978-376-6352 | 212-838-3777 |
dgaiero@imunon.com | kgolodetz@lhai.com |
# # #
https://www.globenewswire.com/newsroom/ti?nf=OTIyMTgwMyM2NDUzNjAxIzUwMDA0OTc3Ng==https://ml.globenewswire.com/media/MjgzMmEzZTAtNTUzMy00MjEzLTg0MzktODQ0M2I0YWUwZTU0LTUwMDA0OTc3Ng==/tiny/Imunon-Inc-.pngReporter Name | Relationship | Type | Amount | SEC Filing |
---|---|---|---|---|
Tardugno Michael H | Executive Chairman of Board | Purchase | $25,750 | Form 4 |
Lindborg Stacy | President and CEO | Purchase | $24,500 | Form 4 |
Michael H Tardugno, Executive Chairman of the Board and Director at Imunon, has expanded his stake in the company by purchasing 25,000 shares of Imunon Common Stock on August 15, 2024, at a price of $1.03 per share, for a total investment of $25,750. Following this transaction, Tardugno's direct ownership in the company has increased to 353,346 shares.
Stacy Lindborg, President and CEO of Imunon, also demonstrated confidence in the company by acquiring 25,000 shares of Imunon Common Stock on the same date, at a price of $0.98 per share, amounting to a total of $24,500. This purchase raises Lindborg's direct holdings to 264,166 shares.
Imunon just reported results for the second quarter of 2024.
InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.
More from InvestorPlace
Imunon Inc IMNN.OQ reported a quarterly adjusted loss of 51 cents per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of -61 cents. The mean expectation of four analysts for the quarter was for a loss of 54 cents per share. Wall Street expected results to range from -62 cents to -50 cents per share.
Reported revenue was zero; analysts expected zero.
Imunon Inc's reported EPS for the quarter was a loss of 51 cents.
The company reported a quarterly loss of $4.79 million.
Imunon Inc shares had fallen by 6.9% this quarter and gained 58.8% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 9.9% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
The average consensus recommendation for the biotechnology & medical research peer group is also "buy"
Wall Street's median 12-month price target for Imunon Inc is $11.00
This summary was machine generated from LSEG data August 14 at 01:51 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2024 | -0.54 | -0.51 | Beat |
Mar. 31 2024 | -0.57 | -0.52 | Beat |
Dec. 31 2023 | -0.41 | -0.52 | Missed |
Sep. 30 2023 | -0.66 | -0.37 | Beat |
Keywords: IMUNON-RESULTS/SUMMARY
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