Immunovant: Switching Lead Candidates Increases Risk [Seeking Alpha]
Immunovant, Inc. (IMVT)
Company Research
Source: Seeking Alpha
Play 8min Summary Immunovant, Inc. switched focus from batoclimab to IMVT-1402, an anti-FcRn monoclonal antibody, to avoid cholesterol-related side effects. IMVT-1402 shows promise in reducing IgG antibodies without increasing LDL cholesterol, but it is still in early-stage trials. The company faces high R&D expenses and a limited cash runway, risking dilution before reaching regulatory approval. The switch to IMVT-1402 introduces significant uncertainty, making it prudent to avoid investing in IMVT at this stage. Klaus Vedfelt Immunovant, Inc. NASDAQ: IMVT ) is a pharmaceutical company developing targeted therapies for various autoimmune diseases. Batoclimab used to be their lead product candidate, and it is in late-stage trials. It has been replaced by IMVT-1402, a much earlier stage molecule About the TPT service Thanks for reading. At the Total Pharma Tracker , we offer the following:- Our Android app and website features a set of tools for DIY investors, in
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IMVT
News
- Immunovant's Q2 Loss Wider Than Expected, Pipeline in Focus [Yahoo! Finance]Yahoo! Finance
- Immunovant, Inc. (NASDAQ: IMVT) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $51.00 price target on the stock.MarketBeat
- Immunovant Provides Development Updates and Reports Financial Results for the Quarter Ended September 30, 2024GlobeNewswire
- Immunovant Announces Oral Presentation of Late Breaking Abstract for Phase 2 Graves’ Disease Clinical Data at the 2024 American Thyroid Association (ATA) Annual MeetingGlobeNewswire
- Immunovant, Inc. (NASDAQ: IMVT) had its "outperform" rating re-affirmed by analysts at Raymond James. They now have a $36.00 price target on the stock.MarketBeat
IMVT
Earnings
- 8/6/24 - Miss
IMVT
Sec Filings
- 11/12/24 - Form SC
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 8-K
- IMVT's page on the SEC website