IMUNON CEO Looks Ahead to Key Milestones in 2026
CEO Stacy Lindborg said in a shareholder letter, in part, "As we close out 2025, I am excited to reflect on a year marked by significant clinical progress, robust data validation, and strategic execution that has significantly strengthened IMUNON's position. Our focus on harnessing the power to activate the body's immune system against cancer has yielded compelling results, bringing us closer to delivering innovative therapies that could transform patient outcomes and create substantial value for you, our shareholders. Very importantly, we believe that we are well positioned for an equally successful 2026...As we enter 2026, IMUNON is poised for key milestones, including continued enrollment in OVATION 3 with interim analyses potentially enabling early stopping and BLA filing in the HRD+ population. We anticipate additional data presentations at major conferences, further translational insights from OVATION 2 tumor samples, and progress on business development initiatives. With Fast Track and Orphan Drug designations in place, we are dedicated to bringing IMNN-001 to patients in need while driving sustainable shareholder value. On behalf of the IMUNON team, thank you for your unwavering support. Together, we are on the cusp of redefining cancer care.'
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IMUNON Secures $7 Million from Institutional Investor in Direct Stock Offering
- Financing Agreement Reached: IMUNON has entered into a securities purchase agreement with a healthcare-focused institutional investor to sell 1,939,114 shares of common stock and associated warrants, with expected gross proceeds of approximately $7 million, enhancing the company's liquidity to support its clinical-stage immunotherapy development.
- Warrant Details: Each share is priced at $3.61, with warrants having an exercise price of $3.482, which will be exercisable immediately and expire in five years, providing the company with additional capital sources to drive future R&D efforts.
- Market Reaction Anticipated: The offering is expected to close on December 31, 2025, and if successful, will help IMUNON maintain compliance with Nasdaq requirements and avoid potential delisting risks, thereby boosting investor confidence.
- Registration Statement Background: The securities are being offered under a Form S-3 registration statement declared effective on May 22, 2024, ensuring compliance and laying the groundwork for future financing activities, demonstrating the company's flexibility and adaptability in capital markets.
IMUNON Advances OVATION3 Study, Aiming for Breakthrough Therapy
- Significant Clinical Progress: IMUNON initiated its pivotal Phase 3 OVATION3 study in 2025, evaluating IMNN-001 in combination with standard chemotherapy, demonstrating strong clinical momentum that could redefine treatment standards for ovarian cancer.
- Survival Extension: The Phase 2 OVATION2 study revealed a 13-month median overall survival extension in the intent-to-treat population with IMNN-001, and in patients receiving PARP inhibitors, the median survival has not yet been reached, indicating its potential therapeutic advantage.
- Immunotherapy Promise: New data indicates that IMNN-001 activates the tumor microenvironment, leading to IL-12 production and enhanced T cell functions, showcasing its broad applicability in frontline ovarian cancer treatment.
- Financial Discipline: IMUNON maintained financial discipline in 2025, planning to invest $30 million in the OVATION3 trial, reflecting the company's confidence in its R&D and market opportunities.
