Innate Pharma: cash horizon extends until end of 2025

(AOF) – On the occasion of the presentation of its 2023 results, Innate Pharma specifies that its cash position was 102.3 million euros as of December 31, 2023 – this amount not taking into account the payment from Sanofi of 15 million euros collected in January – and the cash horizon extends until the end of 2025. The biotech shows a net loss of 7.6 million euros in 2023 compared to a net loss of 58.1 million euros euros in 2022.

Operating income relating to continuing activities amounts to 61.6 million euros in 2023, an increase of 6.9%. This mainly concerns income from collaboration and licensing agreements and the research tax credit.

“In 2024, we expect several important milestones including the results of the Tellomak Phase 2 study of lacutamab in mycosis fungoides and the filing of the clinical study application (IND) for IPH45, our first antibody-drug conjugate (ADC ).” declared Hervé Brailly, interim chairman of the management board of Innate Pharma.

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