IMU bought Azer cell + manufacturing facility back in Mid 2023. At the time, in discussion with FDA, they expected to have a Rego trial in 2024. (you cna see in all the annoucements they said this timeline) They were expecting to require large manufacturing of drug and a rego trial happening through 2024/2025.
As we know this got delayed at least 12 months and longer, whether that was through new cohort with IL2 or discussions with FDA (needing more data before rego trial). Burn rate too big with manufacturing etc and here we are.
IMU Price at posting:
2.4¢ Sentiment: Hold Disclosure: Held
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