In its history as a listed biotech, IMU has raised $370m - and...

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    In its history as a listed biotech, IMU has raised $370m - and burnt almost all of it.

    In its history, if you count all the drugs across all the platforms, IMU hasn't even treated 100 patients.

    It doesn't report progress, because it doesn't make any.

    Over $3.7m per patient, to still be in Phase 1.

    You can't make this stuff up.

 
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