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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.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.
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