Immunocore Holdings plc (IMCR), a commercial-stage biotechnology company, saw its stock soar 5.17% in intraday trading on Wednesday, February 26, 2025. The surge followed the company's impressive fourth quarter and full-year 2024 financial results, driven by strong sales of its lead product, KIMMTRAK.
The key highlights from Immunocore's earnings report include:
- KIMMTRAK net sales of $84.1 million for Q4 2024 and $310.0 million for the full year, marking 11 consecutive quarters of revenue growth since its launch.
- Progress in expanding KIMMTRAK's indications, with enrollment ongoing in two Phase 3 trials (TEBE-AM and ATOM) for additional melanoma indications.
- Advancement of the PRAME portfolio, with the first patient randomized in the Phase 3 PRISM-MEL-301 trial for brenetafusp in first-line advanced cutaneous melanoma.
- Initiation of Phase 1 trials for IMC-P115C (PRAME-A02) and IMC-R117C (PIWIL1), targeting additional cancer types.
- Cash, cash equivalents, and marketable securities of $820.4 million as of December 31, 2024, providing a strong financial position.
Immunocore's CEO, Bahija Jallal, expressed confidence in the company's growth prospects, citing the continued execution of KIMMTRAK's lifecycle management program, advancement of the clinical pipeline, and expansion into autoimmune diseases.