Insights

The Immutep (ASX:IMM) share price is up 6% today

Immutep has received all the approvals it needs to begin its latest trial in the United States.
The post The Immutep (ASX:IMM) share price is up 6% today appeared first on The Motley Fool Australia. –

Shares in Immutep Ltd (ASX: IMM) are soaring today following news of its latest drug trial. Currently, the Immutep share price is trading at 56 cents, 5.6% higher than its previous close.

The biotechnology company has received approval from both the United States Food and Drug Association (FDA) and Institutional Review Board (IRB) to begin the trial.

Let’s take a closer look at today’s news from Immutep.

New trial gets US approval

Immutep can now begin a phase IIb trial, combining its lead product candidate, eftilagimod alpha (efti), with MSD’s immunotherapy treatment, Keytruda (pembrolizumab).

The company — which develops immunotherapy treatments for cancer and autoimmune disease — is focussing on Efti, an antigen-presenting cell activator.

Immutep advised that the TACTI-003 trial will be a randomised, controlled clinical study. It aims to find if efti and pembrolizumab can be combined to treat head and neck squamous cell carcinoma (HNSCC).

Immutep plans for the trial to involve around 154 patients. It hopes it will take place in Australia and Europe, as well as the United States.

The trial is pending approval from authorities and ethics committees in Australia and Europe.

Immutep expects patient recruitment for the trial to begin in the United States in the current quarter, with Australian and European sites to follow.

Commentary from management

Immutep chief scientific officer and chief medical officer Frédéric Triebel said:

We are delighted to start our new TACTI-003 trial in 1st line HNSCC patients to evaluate efti in combination with pembrolizumab vs pembrolizumab monotherapy.

Results we reported from this therapeutic combination earlier in June at [the American Society of Clinical Oncology] in the 2nd line setting were robust, with sustained and durable responses. We look forward to deepening these results with a larger group of 1 st line HNSCC patients in TACTI-003.

Immutep share price snapshot

2021 has been a good year so far for the Immutep share price on the ASX.

It’s currently 34% higher than it was at the start of the year, and has gained 232% since this time last year.

The company has a market capitalisation of around $407 million, with approximately 648 million shares outstanding.

The post The Immutep (ASX:IMM) share price is up 6% today appeared first on The Motley Fool Australia.

Should you invest $1,000 in Immutep right now?

Before you consider Immutep, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Immutep wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of May 24th 2021

More reading

Why the Immutep (ASX:IMM) share price is sinking 16% today
Here’s why the Immutep (ASX:IMM) share price is frozen
Why the Immutep (ASX:IMM) share price is marching higher today

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
Trade The US Market With ZERO Brokerage* + FREE Access To Trading Ideas & Value Analysis Tools. Click Here!