Benzinga | Nov 30, 2021 04:11PM EST

Why Are Immunome Shares Trading Higher Today?

* Immunome Inc (NASDAQ:IMNM) has submitted an Investigational New Drug (IND) application to the FDA for IMM-BCP-01, a three-antibody cocktail, for the treatment of COVID-19.

* IMM-BCP-01 is a three-antibody cocktail targeting non-overlapping regions of the Spike protein.

* It elicits multi-modal activity in preclinical testing, including ACE2 and non-ACE2 dependent neutralization and inducing natural viral clearance mechanisms.

* Related Link: Immunome's COVID-19 Antibody Neutralizes Two Variant Strains In Animal Studies.

* The cocktail significantly reduces the viral load in the lungs of the hamsters infected with SARS-CoV-2. It broadly neutralizes current and former variants of concern, including the Delta variant, in in vitro testing.

* Immunome plans to initiate a placebo-controlled dose-escalation study of IMM-BCP-01 in patients infected with SARS-CoV-2.

* See here Benzinga's Full FDA Calendar.

* Price Action: IMNM shares are down 9.37% at $18.56 during the market session on the last check Monday.