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Immix Biopharma (NASDAQ: IMMX)

Last close As at 19/07/2024

USD2.08

▲ 0.03 (1.46%)

Market capitalisation

USD55m

Immix Biopharma’s lead asset, IMX-110, is being investigated in a Phase Ib/IIa study for the treatment of soft tissue sarcoma and a Phase Ib trial in advanced solid tumors in combination with tislelizumab. Its preclinical pipeline is based on tissue-specific therapeutics (TSTx) technology.

CAR-T cell therapies have the potential to provide effective treatments for challenging diseases. However, current available options are not considered outpatient treatments due to the risk of serious side effects. If NXC-201 continues to demonstrate a desirable efficacy and safety profile, it could become the first outpatient CAR-T cell therapy.

Latest Insights

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Healthcare | Flash note

Immix Biopharma — US CAR-T trial commences patient dosing

Healthcare | Update

Immix Biopharma — All roads lead to NEXICART-2

Healthcare | Update

Immix Biopharma — Reaffirmed long-term focus on outpatient CAR-T

Healthcare | Flash note

Immix Biopharma — Marching towards US clinical trials for NXC-201
Scientist using protective robber gloves for handling substances and experiments
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Sector

Healthcare

Equity Analyst

Soo Romanoff

Soo Romanoff

Managing Director - Head of Content, Healthcare

Arron Aatkar

Associate analyst

Jyoti Prakash

Jyoti Prakash

Analyst, Healthcare

Key Management

  • Dr Ilya Rachman

    CEO

  • Gabriel Morris

    CFO

Balance Sheet

Forecast net debt (US$m)

15.1

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 3.5 (5.0) 0.0
Relative 3.1 (14.3) (17.1)
52 week high/low US$7.3/US$1.6

Financials

Immix has announced that the first patient has been dosed in its Phase Ib NEXICART-2 trial of lead CAR-T asset NXC-201, which took place at lead study site, the Memorial Sloan Kettering Cancer Center. This US-based study will evaluate the safety and efficacy of NXC-201 in approximately 40 patients with relapsed/refractory amyloid light chain amyloidosis (r/r ALA). Management expects the trial to be fully enrolled within 18 months, implying that top-line results could be available in H126. In the near term, we anticipate rolling data readouts as seen with the prior NEXICART-1 trial. We also expect more details for the expansion of NXC-201 into additional autoimmune indications by the end of 2024.

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (c) P/E (x) P/CF (x)
2022A 0.0 (8.2) (7.6) (54.77) N/A N/A
2023A 0.0 (16.1) (13.0) (75.14) N/A N/A
2024E 0.0 (22.0) (21.4) (92.69) N/A N/A
2025E 0.0 (26.0) (26.5) (100.68) N/A N/A

Research

Cancer cells low poly blue

Update

Healthcare

Immix Biopharma — All roads lead to NEXICART-2

Update

Healthcare

Immix Biopharma — Reaffirmed long-term focus on outpatient CAR-T

Healthcare

Flash note

Immix Biopharma — US CAR-T trial commences patient dosing
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Thematics

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