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Immix Biopharma (IMMX) investor relations material

Immix Biopharma Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary7 Nov, 2025

Executive summary

  • Focused on developing CAR-T cell therapies for AL Amyloidosis and other serious diseases, with lead candidate NXC-201 in Phase 1b/2 clinical trials in the US and internationally.

  • NXC-201 has received FDA RMAT and Orphan Drug Designation, as well as European ODD, and is supported by an $8M CIRM grant.

  • No FDA-approved drugs exist for relapsed/refractory AL Amyloidosis; NXC-201 clinical data show high response rates and no relapses or major safety signals to date.

Financial highlights

  • Cash and cash equivalents were $15.9M as of September 30, 2025, down from $19.7M at the end of 2024.

  • Net loss for Q3 2025 was $7.6M, up from $7.1M in Q3 2024; net loss for the nine months ended September 30, 2025 was $18.8M, up from $16.9M in the prior year period.

  • Operating expenses for the quarter were $7.7M, with R&D at $4.6M and G&A at $3.1M.

  • Interest income declined to $84.5K for Q3 2025 from $256.7K in Q3 2024 due to lower cash balances.

Outlook and guidance

  • Management expects continued operating losses and insufficient capital to fund operations for the next twelve months, indicating substantial doubt about the ability to continue as a going concern.

  • Plans to seek additional capital through equity, debt, grants, or strategic partnerships.

NXC-201: Update on 3 MRD negative patients
ATM facility use to resolve going concern
Internal control weakness remediation progress
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Frequently asked questions

Immix Biopharma Inc is a U.S.-based clinical-stage biopharmaceutical company focused on developing therapies for cancer and inflammatory diseases. The company’s lead programs are based on its proprietary tissue-specific therapeutics platform, designed to deliver biologics and small molecules to specific tissues while minimizing systemic toxicity. Immix Biopharma conducts clinical trials for rare and hard-to-treat cancers, as well as immune-related conditions. The company is headquartered in Los Angeles, California, and its shares are listed on the NASDAQ.

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