Immuneering (Nasdaq: IMRX) has secured a $25 million private placement from institutional and accredited investors. The company is offering 6,329,113 shares at $3.95 per share, a 15% premium to the previous closing price, along with warrants to purchase 2,848,096 additional shares at $5.50 per share.
The financing was driven by strong investor interest following impressive clinical results, including a 94% overall survival rate at 6 months in first-line pancreatic cancer patients treated with atebimetinib in combination with mGnP, significantly outperforming the standard of care's 67% survival rate. The funding will support the development of Deep Cyclic Inhibitors, including atebimetinib, a MEK inhibitor targeting the MAPK pathway.
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