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Immunovant Provides Corporate Updates and Reports Financial Results for the Second Quarter Ended September 30, 2025
Globenewswire· 2025-11-10 12:00
Core Insights - Immunovant reported its financial results for the second quarter ended September 30, 2025, highlighting significant advancements in its clinical programs and financial performance [1] Recent Highlights and Upcoming Milestones - The study of IMVT-1402 in uncontrolled Graves' disease (GD) patients demonstrated the first-ever potentially disease-modifying therapy with six-month off-treatment data [2][9] - IMVT-1402 is being developed for six indications, with ongoing potentially registrational trials in GD, myasthenia gravis (MG), chronic inflammatory demyelinating polyneuropathy (CIDP), difficult-to-treat rheumatoid arthritis (D2T RA), and Sjögren's disease (SjD) [2][9] - Results from the open-label portion of the potentially registrational trial of IMVT-1402 in D2T RA and topline results from the proof-of-concept trial in cutaneous lupus erythematosus (CLE) are expected in 2026 [3] - Topline results from potentially registrational trials in GD, MG, and D2T RA are anticipated in 2027 [3] Financial Highlights for Fiscal Second Quarter - As of September 30, 2025, Immunovant's cash and cash equivalents totaled approximately $521.9 million, providing sufficient runway for announced indications through the GD readout expected in 2027 [4][9] - Research and development (R&D) expenses for the quarter were $114.2 million, an increase from $97.3 million in the same period of 2024, primarily due to clinical trial activities for IMVT-1402 [5][11] - General and administrative (G&A) expenses decreased to $17.5 million from $18.5 million year-over-year, attributed to streamlined administrative processes [6] Net Loss Analysis - The net loss for the quarter was $126.5 million ($0.73 per common share), compared to a net loss of $109.1 million ($0.74 per common share) in the prior year [8][14] - Non-GAAP net loss was $113.3 million for the quarter, compared to $96.5 million in the same period of 2024 [8] Financial Highlights for Fiscal Six Months - For the six months ended September 30, 2025, R&D expenses totaled $215.4 million, up from $172.7 million in the same period of 2024 [11][14] - G&A expenses for the six months increased to $43.5 million from $37.3 million year-over-year [12] - The net loss for the six months was $247.1 million ($1.43 per common share), compared to $196.3 million ($1.34 per common share) in the previous year [14]
Monday.Com, Metsera, Profrac Holding And Other Big Stocks Moving Lower In Monday's Pre-Market Session - Centene (NYSE:CNC), ProFrac Holding (NASDAQ:ACDC)
Benzinga· 2025-11-10 11:18
Group 1 - U.S. stock futures are higher, with Nasdaq futures gaining approximately 1.5% [1] - Monday.Com Ltd is expected to report quarterly earnings of 88 cents per share, an increase from 85 cents per share year-over-year [2] - The consensus estimate for monday.com's quarterly revenue is $312.26 million, up from $251 million a year earlier [2] Group 2 - Monday.Com shares fell 2.6% to $184.70 in pre-market trading [2] - Metsera Inc shares dipped 15% to $70.68 in pre-market trading following Pfizer's $10 billion acquisition deal [4] - Ionis Pharmaceuticals Inc declined 11.5% to $65.00 after disclosing results from pivotal Phase 3 studies [4] - Other companies such as UniQure NV, Oscar Health Inc, Centene Corp, and Immunovant Inc also experienced declines in pre-market trading [4]
Monday.Com, Metsera, Profrac Holding And Other Big Stocks Moving Lower In Monday's Pre-Market Session
Benzinga· 2025-11-10 11:18
Group 1 - U.S. stock futures are higher, with Nasdaq futures gaining approximately 1.5% on Monday [1] - Monday.Com Ltd is expected to report quarterly earnings of 88 cents per share, an increase from 85 cents per share in the previous year [2] - The consensus estimate for monday.com's quarterly revenue is $312.26 million, up from $251 million a year earlier [2] Group 2 - Monday.Com shares fell 2.6% to $184.70 in pre-market trading [2] - Metsera Inc shares dipped 15% to $70.68 after Pfizer secured a $10 billion deal to acquire the company [4] - Ionis Pharmaceuticals Inc declined 11.5% to $65.00 following the disclosure of pivotal Phase 3 study results [4] - Other companies such as UniQure NV, Oscar Health Inc, Centene Corp, and Immunovant Inc also experienced declines in pre-market trading [4]
Immunovant: Takeover Buzz, IMVT-1402 Promise, And Why I'm Staying Neutral (NASDAQ:IMVT)
Seeking Alpha· 2025-10-31 18:01
Core Insights - The article emphasizes the importance of conducting independent research before making investment decisions, highlighting the inherent risks and volatility associated with stock investments [2][3] Company Analysis - The article does not provide specific details about any particular company or its financial performance, focusing instead on general investment advice and the need for thorough research [2][3] Industry Overview - The content does not delve into specific industry trends or analyses, maintaining a broad perspective on investment practices rather than focusing on particular sectors [2][3]
Immunovant (IMVT) Soars 14.6% Ahead of Q3 Results
Yahoo Finance· 2025-10-31 14:03
Core Insights - Immunovant Inc. (NASDAQ:IMVT) has shown significant stock performance, increasing by 14.64% to close at $24.82 ahead of its upcoming Q3 earnings report [1][3] - The company is scheduled to announce its financial results on November 10, 2025, with a conference call planned to discuss the outcomes [2] - In the second quarter, Immunovant reported a widened net loss of $120.6 million, a 38% increase from $87.15 million year-over-year, while total operating expenses rose by 35% to $127 million from $94 million [2] Stock Performance - Immunovant's stock surged by 14.64% on Thursday, indicating strong investor interest prior to the earnings announcement [1][3] - The increase in stock price reflects market speculation and potential acquisition rumors involving Roivant Sciences Ltd., one of Immunovant's largest shareholders [3] Financial Highlights - The company experienced a significant increase in net loss and operating expenses in Q2, with net loss growing by 38% and operating expenses increasing by 35% compared to the previous year [2]
Immunovant to Report Financial Results for the Second Quarter Ended September 30, 2025, and Provide Business Update on Monday, November 10, 2025
Globenewswire· 2025-10-27 20:10
NEW YORK, Oct. 27, 2025 (GLOBE NEWSWIRE) -- Immunovant (Nasdaq: IMVT) today announced that it will report its financial results for the second quarter ended September 30, 2025, and provide a business update at 8:00 a.m. ET on Monday, November 10, 2025. To access the Roivant (Nasdaq: ROIV) conference call by phone, please register online using this registration link. The presentation and webcast details will also be available under “News & Events” in the Investors section of the Immunovant website at https:/ ...
JPMorgan Lowers PT on Immunovant (IMVT) to $33 From $37
Yahoo Finance· 2025-10-08 04:57
Immunovant, Inc. (NASDAQ:IMVT) is one of the best biotech stocks with high potential. On September 30, JPMorgan analyst Brian Cheng lowered the firm’s price target on Immunovant, Inc. (NASDAQ:IMVT) to $33 from $37 while keeping an Overweight rating on the shares. Is Immunovant, Inc. (IMVT) The Most Undervalued Stock With Smart Money Ratings? Immunovant, Inc. (NASDAQ:IMVT) reported that its cash and cash equivalents totaled approximately $598.9 million in the quarter ending June 30, 2025, providing runway ...
Notable Thursday Option Activity: IMVT, RBLX, MEG
Nasdaq· 2025-09-11 19:28
Options Trading Activity Summary - Immunovant Inc (IMVT) has seen a total options trading volume of 6,555 contracts, representing approximately 655,500 underlying shares, which is 44.2% of its average daily trading volume of 1.5 million shares over the past month. The $15 strike put option expiring on October 17, 2025, had particularly high volume with 2,804 contracts traded, representing about 280,400 underlying shares [1] - Roblox Corp (RBLX) experienced options trading volume of 39,872 contracts, equating to approximately 4.0 million underlying shares, or 43.6% of its average daily trading volume of 9.1 million shares over the past month. The $135 strike call option expiring on September 12, 2025, saw significant activity with 3,596 contracts traded, representing around 359,600 underlying shares [3] - Montrose Environmental Group Inc (MEG) recorded options trading volume of 2,070 contracts, which corresponds to approximately 207,000 underlying shares, or 43.3% of its average daily trading volume of 478,545 shares over the past month. The $40 strike call option expiring on January 16, 2026, had notable volume with 1,000 contracts traded, representing about 100,000 underlying shares [5]
Immunovant (IMVT) Up 7.8% Since Last Earnings Report: Can It Continue?
ZACKS· 2025-09-10 16:30
Core Viewpoint - Immunovant, Inc. has seen a 7.8% increase in share price since the last earnings report, outperforming the S&P 500, but there are concerns about whether this positive trend will continue leading up to the next earnings release [1]. Financial Performance - For Q1 fiscal 2026, Immunovant reported an adjusted net loss of $0.60 per share, which was narrower than the Zacks Consensus Estimate of a loss of $0.69 per share, and consistent with the loss reported in the same quarter last year [2]. - Research and development expenses reached $101.2 million, a 34% increase from the previous year, primarily due to clinical studies for IMVT-1402 and increased personnel costs, partially offset by lower costs related to batoclimab studies [3]. - General and administrative expenses were $26 million, up 38% year-over-year, mainly due to higher personnel-related expenses [4]. - As of June 30, 2025, Immunovant had a cash balance of $598.9 million, down from $714 million as of March 31, 2025, with expectations to fund clinical activities through 2027 [4]. Market Sentiment and Estimates - There has been a downward trend in fresh estimates for Immunovant over the past month [5]. - The company currently holds a Zacks Rank of 3 (Hold), indicating expectations for an in-line return in the coming months [7]. Industry Comparison - Immunovant operates within the Zacks Medical - Biomedical and Genetics industry, where competitor Alkermes (ALKS) has seen a 1.5% gain over the past month [8]. - Alkermes reported revenues of $390.66 million for the last quarter, reflecting a year-over-year decline of 2.1%, with an expected EPS of $0.41 for the current quarter, down 43.8% year-over-year [9].
IMVT Stock Up 11% on Upbeat Batoclimab Hyperthyroidism Study Results
ZACKS· 2025-09-04 16:11
Core Insights - Immunovant, Inc. (IMVT) shares increased by 10.8% following the announcement of six-month off-treatment results from a proof-of-concept study for batoclimab in patients with uncontrolled Graves' disease (GD) [1][4] - The study demonstrated that approximately 80% of patients maintained normalized thyroid hormone levels during the follow-up period, indicating strong durability of response [3][4] Study Details - The proof-of-concept study involved patients with active GD who had elevated thyroid hormone levels despite antithyroid drug (ATD) therapy. The primary endpoint was the normalization or reduction of thyroid hormone levels without increasing ATD dosage at week 24 [2] - Among the responders, about half achieved ATD-free remission, while 30% required only minimal ATD doses of 2.5 mg/day [6] Implications and Future Plans - The findings suggest that FcRn blockade may provide a promising therapeutic approach for GD, with potential for disease modification as several patients achieved durable remission after treatment withdrawal [7] - Immunovant plans to leverage the batoclimab data to expedite the development of its lead candidate, IMVT-1402, which is also aimed at treating GD [8] - The company has initiated two global studies for IMVT-1402, evaluating a 600 mg dose for up to 52 weeks, with top-line results expected in 2027 [9]