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News

IGM Biosciences Halts Further Development Of Imvotamab And IGM-2644; Plans Reducing Its Workforce By 73%

Author: Benzinga Newsdesk | January 09, 2025 01:10pm

"Interim data from the Phase 1b studies of imvotamab in rheumatoid arthritis and systemic lupus erythematosus show that the depth and consistency of B cell depletion is insufficient to meet our high bar for success," said Mary Beth Harler, M.D., Chief Executive Officer of IGM Biosciences.

The Company reported cash and investments of approximately $183.8 million (unaudited) as of December 31, 2024.

Posted In: IGMS

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