Biotech-Focused Fund Adds $12 Million to Immunome Bet as Stock Surges 120%

Core Insights - Redmile Group increased its stake in Immunome by purchasing 695,000 shares, valued at approximately $12.20 million, during the fourth quarter of 2025 [2][7] - Immunome's stock price rose to $22.69 as of February 17, 2026, reflecting a 120% increase over the past year, significantly outperforming the S&P 500's 13% gain [8][10] - The company has raised around $400 million through a share offering to fund its oncology pipeline and reported positive Phase 3 results for its drug varegacestat [7][11] Company Overview - Immunome is a clinical-stage biotechnology company focused on developing antibody therapies for cancer and infectious diseases, leveraging proprietary discovery platforms [6][9] - As of February 17, 2026, Immunome's market capitalization is $2.09 billion, with a revenue of $9.68 million and a net income of -$222.74 million [4] Investment Implications - The recent buy activity by Redmile Group indicates confidence in Immunome's pipeline, suggesting it is not merely a momentum trade but a long-term investment opportunity [10] - The company's position now represents 9.05% of Redmile Group's assets under management, highlighting its significance in the portfolio [8]