Immunicum: New CEO and data update from MERECA - Edison
Last Friday, Immunicum announced that Sven Rohmann was appointed as CEO with immediate effect. Immunicum has been searching for a new management leader for a while now, with current CSO and co-founder Alex Karlsson-Parra acting as interim CEO. Dr Rohmann brings 30 years of experience as a senior executive at biotech and large pharma companies and has an extensive track record of transactions and fund-raising experience. So, the right CEO at the right time for Immunicum, in our view. These developments follow R&D updates over the summer. The latest follow-up update from the Phase II MERECA trial showed that median OS was reached in the control arm, but not yet in the ilixadencel arm, while the Phase Ib/II ILIAD trial is moving into the non-staggered phase. Our valuation is little changed at SEK2.27bn or SEK24.6 per share.
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