IMU 1.89% 5.2¢ imugene limited

Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-18

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    Increases in administration and corporate costs are probably due to the acquisition of the lease that was included as part of the azer-cel licensing agreement.
    From that earlier announcement on azer-cel licensing.
    "Imugene will also acquire the lease to a state-of-the art 32,800 sq feet GMP manufacturing facility in North Carolina, drug material for completion of a Phase 1b clinical trial and a highly experienced cell therapy and manufacturing team of approximately 50 personnel."

    The above is also confirmed in the 4C with the following:
    "Imugene's azer-cel clinical drug is supplied from the company’s state-of-the-art manufacturing facility in North Carolina."

    The current 4C probably reflects the full effects of the costs of acquiring that lease.
    Given that Azer-cel was acquired in late August, the prior 4C only partially reflected the running costs of this facility.
 
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