Immunome Announces Phase 3 Trial Results for Varegacestat
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 10 hours ago
0mins
Immunome announced detailed efficacy and safety results from Ringside, the global, randomized, double-blind, placebo-controlled Phase 3 trial of varegacestat in patients with progressing desmoid tumors. The data are being presented today in an oral abstract session at the 2026 American Society of Clinical Oncology, ASCO, Annual Meeting in Chicago. Immunome submitted an NDA for varegacestat to the FDA in April 2026. The Ringside trial met its primary endpoint and all key secondary endpoints. Varegacestat demonstrated a statistically significant and clinically meaningful improvement in progression-free survival, PFS, vs. placebo, with an 84% reduction in the risk of disease progression or death. The PFS benefit observed with varegacestat vs. placebo was consistent across key subgroups, including tumor location, baseline tumor size, patient age and prior systemic desmoid tumor therapy. Varegacestat achieved a statistically significant improvement in change in worst pain intensity score at week 12. Varegacestat achieved a statistically significant improvement in change in tumor volume at week 24, as assessed by blinded independent central review. Varegacestat was generally well tolerated, with a manageable safety profile consistent with the gamma secretase inhibitor class.
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Analyst Views on IMNM
Wall Street analysts forecast IMNM stock price to rise
11 Analyst Rating
11 Buy
0 Hold
0 Sell
Strong Buy
Current: 22.540
Low
21.00
Averages
33.20
High
40.00
Current: 22.540
Low
21.00
Averages
33.20
High
40.00
About IMNM
Immunome, Inc. is a clinical-stage targeted oncology company, which is focused on developing first-in-class and targeted therapies designed to improve outcomes for cancer patients. The Company is engaged in advancing an innovative portfolio of therapeutics in the design, development, and commercialization of targeted cancer therapies, including antibody-drug conjugate therapies (ADCs). Its advanced pipeline programs are varegacestat, a gamma secretase inhibitor which is in a Phase III trial for the treatment of desmoid tumors; IM-1021, an ROR1-targeted ADC which is in a Phase I trial, and IM-3050, a FAP-targeted radioligand. The Company's pipeline also includes IM-1617, IM-1335, and IM-1340, all of which are preclinical ADCs pursuing undisclosed targets with expression in multiple solid tumors. IM-1617 is a potential first-in-class ADC that targets an undisclosed receptor that is expressed in a range of solid tumors, including colorectal cancer and ovarian cancers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Immunome Q1 Earnings Beat Expectations
- Earnings Surprise: Immunome reported a Q1 GAAP EPS of -$0.48, beating expectations by $0.09, indicating an improvement in financial performance that could bolster investor confidence.
- Strong Cash Position: As of March 31, 2026, Immunome's cash and cash equivalents totaled $582.7 million, which is expected to fund operations into 2028, ensuring continuity in research and operational activities.
- Optimistic Future Outlook: The company anticipates an upcoming New Drug Application (NDA) that could drive future revenue growth, enhancing market expectations for its valuation and potentially attracting more investor interest.
- Investment Case Analysis: Seeking Alpha's quantitative rating on Immunome reflects positive market sentiment, and combined with historical financial data, underscores the company's potential and investment value in the biopharmaceutical sector.
See More
Immunome Submits NDA for Varegacestat Supported by Positive Phase 3 RINGSIDE Results
- Clinical Trial Success: Immunome's Phase 3 RINGSIDE trial demonstrated a significant improvement in progression-free survival for varegacestat compared to placebo, with a hazard ratio of 0.16 (p<0.0001), providing robust data support for the New Drug Application and potentially transforming treatment options for adult patients.
- Significant Efficacy: The trial achieved a confirmed objective response rate of 56%, markedly higher than the 9% in the placebo group (p<0.0001), indicating that varegacestat has substantial clinical significance in treating progressing desmoid tumors, which may enhance patients' quality of life.
- Good Safety Profile: Although 82% of participants experienced adverse events like diarrhea, most were grade 1 or 2, indicating that varegacestat has a favorable safety and tolerability profile, making it an attractive treatment option.
- Future Outlook: Immunome plans to present detailed RINGSIDE data at the 2026 ASCO Annual Meeting, which could further elevate market interest in varegacestat and potentially drive its application in cancer treatment.
See More
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- Ownership Changes: This sale reduced Higgins's direct holdings by 30.02%, from 31,438 to 22,000 shares, while his indirect holdings remained unchanged, reflecting his continued confidence in the company's future.
- Transaction Context: The sale was executed under a pre-arranged 10b5-1 trading plan established in December 2025, suggesting it was a routine liquidity management action rather than a market-timing decision, highlighting Higgins's financial diversification strategy.
- Company Outlook: Immunome is advancing its antibody therapeutic programs, particularly IMM-ONC-01 for cancer and IMM-BCP-01 for SARS-CoV-2, with a New Drug Application submission planned for Q2 2026, showcasing the company's strong growth potential in the biotechnology sector.
See More
Immunome Executive Share Sale Details
- Share Sale Overview: Jack Higgins, Chief Scientific Officer of Immunome, sold 9,438 shares of common stock on April 2, 2026, for approximately $204,000, representing 30.02% of his holdings, highlighting his focus on financial diversification.
- Holding Changes: Post-sale, Higgins holds 22,000 shares directly and 3,000 shares indirectly, with a direct holding valued at roughly $480,000, indicating substantial ongoing investment in the company.
- Trading Plan Context: The sale was executed under a pre-established 10b5-1 trading plan set up in December 2025, locking in the timing and price, which suggests a strategic financial decision rather than a reaction to market conditions.
- Company Growth Prospects: Immunome is advancing its ADC-heavy pipeline, particularly with varegacestat's Phase 3 RINGSIDE trial hitting its primary endpoint in December 2025, with an NDA submission planned for Q2 2026, showcasing the company's potential in antibody therapeutics.
See More
Immunome Grants Stock Options to New Employees
- Stock Option Grant: On March 2, 2026, Immunome granted a total of 282,000 non-statutory stock options to seven new employees, aimed at attracting and retaining talent, thereby enhancing the company's competitive position in cancer therapy.
- Exercise Price Setting: Each stock option has an exercise price of $22.21, equal to the closing price on March 2, 2026, which helps incentivize employees to grow with the company, increasing their sense of belonging and motivation.
- Vesting Schedule: The stock options will vest over four years, with 25% vesting on the one-year anniversary of the grant and the remainder vesting monthly, ensuring continued employee contributions during their service, thus enhancing team stability.
- Incentive Plan Compliance: The stock option grant complies with Nasdaq Listing Rule 5635(c)(4), indicating the company's commitment to compliance and transparency in talent acquisition and incentives, which helps boost investor confidence.
See More
Opaleye Management Sells Entire Stake in Immunome for $37.3 Million
- Stake Sale Overview: Opaleye Management sold its entire 3,185,000 shares of Immunome in Q4 2025 for an estimated $37.3 million, resulting in a complete exit from the position and a corresponding $37.3 million drop in quarter-end asset value.
- Portfolio Impact: This transaction reduced Immunome's representation in Opaleye's portfolio from 5.3% to 0%, indicating a total divestment that could influence the fund's future investment strategy.
- Market Performance Analysis: As of February 17, 2026, Immunome shares were priced at $22.69, reflecting a 128.5% increase over the past year, yet a 9% decline over the last two years, highlighting the stock's volatility that may affect investor confidence.
- Investor Strategy Recommendation: Given the volatility of biotech stocks, retail investors are advised to consider biotech ETFs to spread risk, allowing them to benefit from long-term industry growth while mitigating portfolio volatility.
See More
Immunome Q1 Earnings Beat Expectations
- Earnings Surprise: Immunome reported a Q1 GAAP EPS of -$0.48, beating expectations by $0.09, indicating an improvement in financial performance that could bolster investor confidence.
- Strong Cash Position: As of March 31, 2026, Immunome's cash and cash equivalents totaled $582.7 million, which is expected to fund operations into 2028, ensuring continuity in research and operational activities.
- Optimistic Future Outlook: The company anticipates an upcoming New Drug Application (NDA) that could drive future revenue growth, enhancing market expectations for its valuation and potentially attracting more investor interest.
- Investment Case Analysis: Seeking Alpha's quantitative rating on Immunome reflects positive market sentiment, and combined with historical financial data, underscores the company's potential and investment value in the biopharmaceutical sector.
See More
Immunome Submits NDA for Varegacestat Supported by Positive Phase 3 RINGSIDE Results
- Clinical Trial Success: Immunome's Phase 3 RINGSIDE trial demonstrated a significant improvement in progression-free survival for varegacestat compared to placebo, with a hazard ratio of 0.16 (p<0.0001), providing robust data support for the New Drug Application and potentially transforming treatment options for adult patients.
- Significant Efficacy: The trial achieved a confirmed objective response rate of 56%, markedly higher than the 9% in the placebo group (p<0.0001), indicating that varegacestat has substantial clinical significance in treating progressing desmoid tumors, which may enhance patients' quality of life.
- Good Safety Profile: Although 82% of participants experienced adverse events like diarrhea, most were grade 1 or 2, indicating that varegacestat has a favorable safety and tolerability profile, making it an attractive treatment option.
- Future Outlook: Immunome plans to present detailed RINGSIDE data at the 2026 ASCO Annual Meeting, which could further elevate market interest in varegacestat and potentially drive its application in cancer treatment.
See More
Immunome CSO Sells Shares Under 10b5-1 Plan
- Transaction Overview: Immunome's Chief Scientific Officer Jack Higgins sold 9,438 shares of common stock on April 2, 2026, for a total value of $204,238.32, indicating a strategic approach to liquidity management.
- Ownership Changes: This sale reduced Higgins's direct holdings by 30.02%, from 31,438 to 22,000 shares, while his indirect holdings remained unchanged, reflecting his continued confidence in the company's future.
- Transaction Context: The sale was executed under a pre-arranged 10b5-1 trading plan established in December 2025, suggesting it was a routine liquidity management action rather than a market-timing decision, highlighting Higgins's financial diversification strategy.
- Company Outlook: Immunome is advancing its antibody therapeutic programs, particularly IMM-ONC-01 for cancer and IMM-BCP-01 for SARS-CoV-2, with a New Drug Application submission planned for Q2 2026, showcasing the company's strong growth potential in the biotechnology sector.
See More
Immunome Executive Share Sale Details
- Share Sale Overview: Jack Higgins, Chief Scientific Officer of Immunome, sold 9,438 shares of common stock on April 2, 2026, for approximately $204,000, representing 30.02% of his holdings, highlighting his focus on financial diversification.
- Holding Changes: Post-sale, Higgins holds 22,000 shares directly and 3,000 shares indirectly, with a direct holding valued at roughly $480,000, indicating substantial ongoing investment in the company.
- Trading Plan Context: The sale was executed under a pre-established 10b5-1 trading plan set up in December 2025, locking in the timing and price, which suggests a strategic financial decision rather than a reaction to market conditions.
- Company Growth Prospects: Immunome is advancing its ADC-heavy pipeline, particularly with varegacestat's Phase 3 RINGSIDE trial hitting its primary endpoint in December 2025, with an NDA submission planned for Q2 2026, showcasing the company's potential in antibody therapeutics.
See More
Immunome Grants Stock Options to New Employees
- Stock Option Grant: On March 2, 2026, Immunome granted a total of 282,000 non-statutory stock options to seven new employees, aimed at attracting and retaining talent, thereby enhancing the company's competitive position in cancer therapy.
- Exercise Price Setting: Each stock option has an exercise price of $22.21, equal to the closing price on March 2, 2026, which helps incentivize employees to grow with the company, increasing their sense of belonging and motivation.
- Vesting Schedule: The stock options will vest over four years, with 25% vesting on the one-year anniversary of the grant and the remainder vesting monthly, ensuring continued employee contributions during their service, thus enhancing team stability.
- Incentive Plan Compliance: The stock option grant complies with Nasdaq Listing Rule 5635(c)(4), indicating the company's commitment to compliance and transparency in talent acquisition and incentives, which helps boost investor confidence.
See More
Opaleye Management Sells Entire Stake in Immunome for $37.3 Million
- Stake Sale Overview: Opaleye Management sold its entire 3,185,000 shares of Immunome in Q4 2025 for an estimated $37.3 million, resulting in a complete exit from the position and a corresponding $37.3 million drop in quarter-end asset value.
- Portfolio Impact: This transaction reduced Immunome's representation in Opaleye's portfolio from 5.3% to 0%, indicating a total divestment that could influence the fund's future investment strategy.
- Market Performance Analysis: As of February 17, 2026, Immunome shares were priced at $22.69, reflecting a 128.5% increase over the past year, yet a 9% decline over the last two years, highlighting the stock's volatility that may affect investor confidence.
- Investor Strategy Recommendation: Given the volatility of biotech stocks, retail investors are advised to consider biotech ETFs to spread risk, allowing them to benefit from long-term industry growth while mitigating portfolio volatility.
See More
