Innate Pharma SA banner

Earnings Calls

Last Earnings Call

Fiscal Period
Q2 2026
Call Date
Sep 17, 2026
AI Summary
Q2 2026

Lacutamab: The Sobi partnership has closed and the Phase III TELLOMAK-3 study has been initiated; the first patient is expected in Q1 2027, with an accelerated-approval filing planned for H2 2027.

IPH4502: Innate reported preliminary anti-tumor activity, including objective responses, and a favorable safety profile to date. Initial Phase I data are planned for November 18, 2026.

Monalizumab: Enrollment in the 1,051-patient PACIFIC-9 Phase III study is complete, and results are expected in H2 2026.

Funding: The $75 million Sobi upfront payment and EUR 30 million equity offering are expected to extend the cash runway through the end of Q1 2028.

Pricing: U.S. payer research indicated a potential lacutamab price of $500,000 to $625,000 per patient per year; management said the range would be supported by clinical data and an expected NCCN listing.

Key Financials
Cash, cash equivalents, and financial assets
EUR 21.4 million
Sobi upfront payment
$75 million (equivalent to EUR 65 million)
Equity offering
EUR 30 million gross proceeds; approximately EUR 28 million expected net proceeds
Sobi near-term milestones for lacutamab
Up to $40 million
Additional Sobi milestones and option-related payments
Up to $465 million
Monalizumab partnership payments received
Up to EUR 450 million
Potential monalizumab partnership milestones
Up to EUR 825 million
Monalizumab European profit sharing
50%
Lacutamab potential U.S. price
$500,000 to $625,000 per patient per annum
IPH4502 Phase I patients
76 patients across 11 indications
IPH4502 post-enfortumab vedotin urothelial carcinoma cohort
Approximately 15 patients enrolled
IPH4502 head and neck cancer cohort
Approximately 15 patients enrolled
PACIFIC-9 enrollment
1,051 patients
Earnings Call Recording

Other Earnings Calls