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NetworkNewsBreaks – INmune Bio, Inc. (NASDAQ: INMB) Posts Q1 2019 Financial Results, Issues Shareholder Update

Company: INmune Bio, Inc. (INMB)
Category: News

INmune Bio (NASDAQ: INMB), an immunology company focused on developing treatments that harness the patient’s innate immune system to fight disease, this morning posted a business update and reported financial results for the first quarter ended March 31, 2019. Among other highlights, the company summarized its corporate accomplishments for the quarter including its achievement of becoming the first biotechnology company to close an initial public offering (“IPO”) in 2019 and commence trading on The Nasdaq Capital Market as well as its receipt of the Part the Cloud Award from the Alzheimer’s Association, including a $1 million grant to advance its drug candidate XPro1595. “2019 has marked a transformative period for INmune Bio, as the first biotech of the year to close its IPO and list on the Nasdaq,” INmune Bio CEO RJ Tesi, M.D. stated in the news release. “We are focused on advancing our clinical programs for the foreseeable future.”

To view the full press release, visit http://nnw.fm/G2j0B

About INmune Bio, Inc.

INmune Bio, Inc. is a publicly traded clinical-stage biotechnology company developing therapies targeting the innate immune system to fight disease. INmune Bio is developing three product platforms: two products that reengineer the patient’s innate immune system’s response to cancer and one product to treat neuroinflammation that is currently focused on Alzheimer’s disease. INKmune is a natural killer (“NK”) cell therapeutic that primes the patient’s NK cells to attack minimal residual disease, the remaining cancer cells that are difficult to detect, which often cause relapse. INB03 inhibits myeloid derived suppressor cells (“MDSC”), which often cause resistance to immunotherapy, such as anti-PD-1 checkpoint inhibitors. XPro1595 targets neuroinflammation, which causes microglial activation and neuronal cell death. INmune Bio’s product platforms utilize a precision medicine approach for the treatment of a wide variety of hematologic malignancies, solid tumors and chronic inflammation. For more information, visit the company’s website at www.INmuneBio.com.

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