Inmagene takes back-door route to Nasdaq listing

27 December 2024

Privately-held immunotherapy company Inmagene Biopharmaceuticals is taking over Ikena Oncology (Nasdaq: IKNA) in a reverse merger deal, forming a new company, InmageneBio.

The combined firm will focus on advancing lead asset IMG-007, an OX40-targeting monoclonal antibody, with plans to offer shares under the ticker “IMA.”

IMG-007 recently completed a Phase IIa trial in atopic dermatitis, demonstrating significant and durable clinical activity. A Phase IIb trial is planned for early 2025.

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