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Immix Biopharma (NASDAQ: IMMX)

Last close As at 01/05/2024

USD2.17

▲ 0.05 (2.36%)

Market capitalisation

USD58m

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 | Update

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

Healthcare | Flash note

Immix Biopharma — Marching towards US clinical trials for NXC-201

Healthcare | Flash note

Immix Biopharma — 2023 recap with a preview of active year ahead

Healthcare | Flash note

Immix Biopharma — Updates galore: NXC-201 ODD (EU) and raise
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 (29.3) (43.2) (12.1)
Relative (26.2) (45.3) (27.3)
52 week high/low US$7.3/US$1.6

Financials

Immix Biopharma is focused on the development of novel CAR-T cell therapies and TSTx. The company’s lead CAR-T cell therapy asset (NXC-201) is being assessed in the Phase Ib/IIa NEXICART-1 trial for multiple myeloma and AL amyloidosis (Orphan Drug designation granted in both indications). Rolling data readouts to date have demonstrated high response rates and a desirable safety profile. The company’s lead TSTx asset (IMX-110) is being investigated for the treatment of soft tissue sarcoma in Phase Ib/IIa studies; interim results have demonstrated positive safety and efficacy profiles. IMX-110 is also being assessed for the treatment of solid tumours in the Phase Ib/IIa IMMINENT-01 combination trial with tislelizumab; positive interim results have been reported in patients with colorectal cancer. We expect rolling data readouts for both NXC-201 and IMX-110 throughout 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) (92.72) N/A N/A
2025E 0.0 (26.2) (26.5) (100.75) N/A N/A

Research

Flash note

Healthcare

Immix Biopharma — Marching towards US clinical trials for NXC-201
Cancer cells low poly blue

Flash note

Healthcare

Immix Biopharma — 2023 recap with a preview of active year ahead

Healthcare

Update

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

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