- Phase 2 pancreatic cancer follow-up extended as patients on atebimetinib combinations live longer than projected -
- Updated Phase 2 atebimetinib + mGnP pancreatic cancer data (N=55) expected in the first half of 2027 -
- Phase 3 MAPKeeper 301 enrollment ahead of schedule; enrollment target expanding from 510 to 570 patients; potential to accelerate current mid-2028 topline data guidance -
NEW YORK, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Immuneering Corporation (Nasdaq: IMRX), a late-stage clinical oncology company focused on keeping cancer patients alive and helping them thrive, today reported financial results for the third quarter ended September 30, 2026, and provided business updates.
“We are thrilled to share that follow-up in our Phase 2 trial in first-line pancreatic cancer is being extended because patients are living longer than projected. We now plan to provide an update on topline data from the atebimetinib + mGnP arm of that trial in the first half of 2027. We are also excited to report that enrollment in our pivotal Phase 3 MAPKeeper 301 trial is ahead of schedule. This strong momentum enables us to expand the enrollment target and potentially accelerate our expected mid-2028 topline data readout. We have updated our cash runway guidance to the fourth quarter of 2028 to reflect our Phase 2 extension, accelerated and expanded Phase 3 enrollment, and commercial readiness activities,” said Ben Zeskind, Ph.D., CEO of Immuneering. “We are seeing growing recognition within the medical community of atebimetinib’s differentiated mechanism of action as demonstrated by the strong engagement with our presentations at recent medical meetings, including the 2026 AACR Conference on Pancreatic Cancer and ESMO Congress 2026. The 17.3 months median overall survival with excellent tolerability that we reported at ASCO is unprecedented among agents targeting this pathway, and we are excited to share updated clinical data in the first half of 2027.”
Corporate Highlights
Near-Term Milestone Expectations
Immuneering is planning for several near-term anticipated milestones, including:
Third Quarter 2026 Financial Highlights
Cash Position: Cash, cash equivalents and marketable securities as of September 30, 2026 were $166.1 million, compared with $217.0 million as of December 31, 2025.
Research and Development (R&D) Expenses: R&D expenses for the third quarter of 2026 were $20.7 million, compared with $10.9 million for the third quarter of 2025. The increase in R&D expenses was primarily attributable to higher clinical costs related to the Company’s lead program and increased personnel to support ongoing research and development activities.
General and Administrative (G&A) Expenses: G&A expenses for the third quarter of 2026 were $5.1 million, compared with $4.5 million for the third quarter of 2025. The increase in G&A expenses was primarily attributable to an increase in the Company’s stock-based compensation costs and employee-related costs in connection with general and administrative functions.
Net Loss: Net loss attributable to common stockholders was $24.2 million, or $0.37 per share, for the third quarter ended September 30, 2026, compared to $15.0 million, or $0.38 per share, for the third quarter ended September 30, 2025.
Financial Guidance
Based on cash, cash equivalents and marketable securities as of September 30, 2026, and current operating plans, the Company expects its cash runway to be sufficient to fund operations into the fourth quarter of 2028. The updated cash runway reflects the Phase 2 trial extension, accelerated and expanded Phase 3 enrollment, and commercial readiness activities.
About Immuneering Corporation
Immuneering is a late-stage clinical oncology company dedicated to keeping cancer patients alive and helping them thrive, with an initial focus on patients with RAS, RAF, and other MAPK-driven cancers. The Company is developing an entirely new category of cancer medicines, Deep Cyclic Inhibitors, designed to improve overall survival by three mechanisms: shrinking tumors durably with less resistance, preserving body mass by countering cachexia, and minimizing side effects to maximize performance status and combinability. Immuneering’s lead product candidate, atebimetinib, is an oral, once-daily Deep Cyclic Inhibitor of MEK, designed to improve survival across many cancer indications. The Company is conducting a global randomized pivotal trial, MAPKeeper 301, evaluating atebimetinib in combination with chemotherapy in first-line pancreatic cancer patients. The Company’s development pipeline also includes additional combination opportunities and preclinical stage programs. For more information, please visit www.immuneering.com.
Forward-Looking Statements
This press release contains forward-looking statements, including within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding: the treatment potential of atebimetinib, alone or in combination with other agents to treat cancer, including modified Gemcitabine/nab-paclitaxel (mGnP) in first-line pancreatic cancer and its potential to deliver overall survival with both durability and tolerability; expansion of the enrollment target enabling the Company to maintain or potentially accelerate the timing of the Phase 3 topline readout of the MAPKeeper 301 trial in mid-2028; the timing of a data update in the Phase 2a atebimetinib + mGnP trial in first-line pancreatic cancer; the timing of dosing and preliminary readout of the planned Phase 2 lung cancer trial; the timing of beginning IND-enabling studies in a second DCI program; our operating plans and anticipated cash runway, and the potential ability of the three design mechanisms of atebimetinib to shrink tumors durably, improve overall survival and overcome the limitations of conventional MAPK inhibition and provide a more sustained clinical benefit for patients.
These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: we are a late-stage clinical oncology company with a limited operating history and have not completed any registrational clinical trials; we have incurred significant losses, are not currently profitable and may never become profitable; limitations on our cash runway and potential increases in expenditures; our need for additional funding; our unproven approach to therapeutic intervention; our ability to address regulatory questions and changing regulatory standards, and the uncertainties relating to regulatory filings, reviews and approvals; the lengthy, expensive, and uncertain process of clinical drug development, including the uncertainty of whether positive preclinical or early clinical efficacy and safety results are confirmed in later-stage trials, potential delays in activation of trial sites or enrollment of trial participants, or failure to obtain regulatory approvals; our reliance on third parties and collaborators to conduct our clinical trials, manufacture our product candidates, and develop and commercialize our product candidates, if approved; failure to compete successfully against other drug companies; protection of our proprietary technology and the confidentiality of our trade secrets; potential lawsuits for, or claims of, infringement of third-party intellectual property or challenges to the ownership of our intellectual property; our patents being found invalid or unenforceable; costs and resources of operating as a public company; and unfavorable or no analyst research or reports.
These and other important factors discussed under the caption “Risk Factors” in our Quarterly Report on Form 10-Q for the period ended September 30, 2026, and our other reports filed with the U.S. Securities and Exchange Commission, could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management's estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, except as required by law, we disclaim any obligation to do so, even if subsequent events cause our views to change. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.
Investor Contact:
Laurence Watts
New Street Investor Relations
laurence@newstreetir.com
Media Contact:
David Caouette
dcaouette@immuneering.com
| IMMUNEERING CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) | |||||||||||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||
| Operating expenses | |||||||||||||||
| Research and development | $ | 20,721,243 | $ | 10,867,983 | $ | 45,363,112 | $ | 32,793,835 | |||||||
| General and administrative | 5,059,459 | 4,505,406 | 14,738,398 | 12,807,465 | |||||||||||
| Amortization of intangible asset | 7,317 | 7,317 | 21,950 | 21,950 | |||||||||||
| Total operating expenses | 25,788,019 | 15,380,706 | 60,123,460 | 45,623,250 | |||||||||||
| Loss from operations | (25,788,019 | ) | (15,380,706 | ) | (60,123,460 | ) | (45,623,250 | ) | |||||||
| Other income (expense) | |||||||||||||||
| Interest income | 1,204,598 | 415,831 | 3,647,786 | 1,178,362 | |||||||||||
| Other income, net | 390,838 | — | 1,551,769 | — | |||||||||||
| Net loss | $ | (24,192,583 | ) | $ | (14,964,875 | ) | $ | (54,923,905 | ) | $ | (44,444,888 | ) | |||
| Net loss per share attributable to common stockholders, basic and diluted | $ | (0.37 | ) | $ | (0.38 | ) | $ | (0.85 | ) | $ | (1.20 | ) | |||
| Weighted-average common shares outstanding, basic and diluted | 64,714,194 | 39,670,095 | 64,690,275 | 37,077,041 | |||||||||||
| Other comprehensive loss: | |||||||||||||||
| Unrealized loss from marketable securities | (142,913 | ) | — | (630,485 | ) | — | |||||||||
| Comprehensive Loss | $ | (24,335,496 | ) | $ | (14,964,875 | ) | $ | (55,554,390 | ) | $ | (44,444,888 | ) | |||
| IMMUNEERING CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) | |||||||
| September 30, 2026 | December 31, 2025 | ||||||
| Assets | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 58,226,805 | $ | 128,645,025 | |||
| Marketable securities | 87,178,645 | 44,186,244 | |||||
| Prepaids and other current assets | 5,305,154 | 3,414,685 | |||||
| Total current assets | 150,710,604 | 176,245,954 | |||||
| Marketable securities, non-current | 20,712,253 | 44,183,186 | |||||
| Property and equipment, net | 808,952 | 938,481 | |||||
| Goodwill | 6,690,431 | 6,690,431 | |||||
| Intangible asset, net | 299,197 | 321,147 | |||||
| Right-of-use assets | 3,039,783 | 3,322,249 | |||||
| Other assets | 299,827 | 283,562 | |||||
| Total assets | $ | 182,561,047 | $ | 231,985,010 | |||
| Liabilities and Stockholders' Equity | |||||||
| Current liabilities: | |||||||
| Accounts payable | $ | 2,758,219 | $ | 1,542,737 | |||
| Accrued expenses | 7,498,137 | 7,842,367 | |||||
| Other liabilities | 89,419 | 291,513 | |||||
| Lease liabilities | 445,496 | 397,104 | |||||
| Total current liabilities | 10,791,271 | 10,073,721 | |||||
| Long-term liabilities: | |||||||
| Lease liabilities, net of current portion | 3,089,079 | 3,427,321 | |||||
| Total liabilities | 13,880,350 | 13,501,042 | |||||
| Commitments and contingencies (Note 10) | |||||||
| Stockholders’ equity: | |||||||
| Preferred stock, $0.001 par value; 10,000,000 shares authorized at September 30, 2026 and December 31, 2025; 0 shares issued or outstanding at September 30, 2026 and December 31, 2025 | — | — | |||||
| Class A common stock, $0.001 par value, 200,000,000 shares authorized at September 30, 2026 and December 31, 2025; 64,763,155 and 64,648,230 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively | 64,763 | 64,648 | |||||
| Class B common stock, $0.001 par value, 20,000,000 shares authorized at September 30, 2026 and December 31, 2025; 0 shares issued and outstanding at September 30, 2026 and December 31, 2025 | — | — | |||||
| Additional paid-in capital | 504,409,076 | 498,658,072 | |||||
| Accumulated other comprehensive income (loss) | (549,153 | ) | 81,332 | ||||
| Accumulated deficit | (335,243,989 | ) | (280,320,084 | ) | |||
| Total stockholders' equity | 168,680,697 | 218,483,968 | |||||
| Total liabilities and stockholders' equity | $ | 182,561,047 | $ | 231,985,010 | |||