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IMMP · NASDAQ · Biotechnology

Immutep (ADR) (IMMP)

Develops LAG-3 immunotherapies for cancer and autoimmune disease.

$0.3717
Pre-market−0.01 (−2.93%)
At close$0.3829(+3.15%)
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Immutep LimitedIMMPHealth Care

Develops efti, an LAG-3/MHC Class II agonist, alongside IMP761 for autoimmune disease. Its former pivotal TACTI-004 study in first-line non-small-cell lung cancer was discontinued after an interim futility analysis.

Develops LAG-3-related immunotherapies for cancer and autoimmune disease. Its main molecule, eftilagimod alfa (efti), is a soluble LAG-3/MHC Class II agonist studied in non-small-cell lung cancer, head-and-neck squamous-cell carcinoma, and metastatic breast cancer.

TACTI-004 was the global Phase III study of efti in first-line advanced or metastatic non-small-cell lung cancer. It paired efti with pembrolizumab and chemotherapy, but was discontinued after an interim futility analysis; the company announced an orderly wind-down of the study.

IMP761, a LAG-3 agonist antibody, is in first-in-human testing for autoimmune disease. The clinically pre-commercial business depends on clinical progress, regulatory review, and collaborations; the company said it would reassess capital-allocation priorities after its TACTI-004 operational and data analyses.

Company facts

CEOMarc Voigt
ListedApr 16, 2012
ExchangeNASDAQ
HeadquartersSydney, Australia
CountryAustralia
Employees51
CIK0001506184
ISINUS45257L1089

Market cap$56.4M
EPS (ttm)−$0.3876
P/E (ttm)−0.9880
ROE-98.9%
P/B1.17
P/S4.96
Dividend yieldDiv yield
Beta1.04vs XLV −0.16

Price target$4.25+1,018.4%Avg of 4 analysts
ConsensusBuy2 of 4 analysts
Ratings

Target rangeAs of Sep 2, 2026

Latest analyst notes

DateFirmActionPrior ratingRating
Jun 17, 2026Maxim GroupUpgradeHoldBuy
Mar 13, 2026BairdDowngradeOutperformNeutral
Mar 13, 2026CitizensDowngradeMarket OutperformMarket Perform

EPSReportedEstimate

Feb '23Sep '23Apr '24Aug '24Feb '25Aug '25Feb '26Aug '26
Reported−$0.02−$0.01−$0.01−$0.01−$0.01−$0.18−$0.22−$0.17
Estimate−$0.08−$0.09−$0.09−$0.08−$0.08−$0.12−$0.20−$0.03
Surprise+80.8%+84.8%+86.1%+86.1%+88.7%−44.0%−9.9%−550.0%

RevenueReportedEstimate

Feb '23Sep '23Apr '24Aug '24Feb '25Aug '25Feb '26Aug '26
Reported$1.2M$1.2M$1.4M$1.2M$1.9M$1.2M$5.5M$10.0M
Estimate$1.4M$1.2M$1.2M$433.2K$9.4M$11.7M
Surprise−14.4%+19.6%−6.6%+349.7%−41.5%−15.0%
Estimate−$0.03
Reported−$0.17−550.0%
Estimate$11.7M
Reported$10.0M−15.0%
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Debt to equity1.70%
Current ratio569.40%

ProfitabilityRevenueNet incomeNet margin

Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26Q4 FY26
Revenue$1.2M$1.3M$1.5M$1.2M$2.3M$1.4M$4.3M$7.6M
Net income−$14.8M−$13.8M−$15.2M−$15.4M−$16.1M−$28.1M−$32.2M−$25.1M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26Q4 FY26
Operating income−$16.6M−$15.7M−$31.3M−$32.0M−$37.2M−$53.6M−$33.1M−$28.4M
YoY growth

Balance sheet, Jun 30, 2026Cash & short-term investments $49.5M · Total debt $752.5K · Total assets $59.8M · Shareholders' equity $44.2M

Revenue
$7.6M
Operating income
−$28.4M
Net income
−$25.1M

Reported in AUD, converted at the latest exchange rate

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No dividends on record.

Institutions28 holders · as of Mar 31, 20261.77%2.61M ADS
Insiders8 holders · as of Apr 16, 20264.43%6.53M ADS
Otherremainder93.80%138.24M ADS

147.37M ADS (1 ADS = 6 ordinary shares) as of Aug 21, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

The share count is from the company's Jun 2022 annual report; nothing newer is on file here.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
Marc VoigtInsiderdirector, officer: See Remarks
1.68%14.88M ordinaryForm 4filed Apr 13, 2026
Frederic Joseph Daniel TriebelInsiderdirector
1.28%11.35M ordinaryForm 4filed Apr 1, 2026
BlackRock, Inc.Institution
0.55%810,926 ADS13Fas of Mar 31, 2026
UBS Group AGInstitution
0.51%748,811 ADS13Fas of Mar 31, 2026
Pete A. MeyersInsiderdirector
0.46%4.05M ordinaryForm 4filed Apr 7, 2026
See all 25

13F — a manager's quarterly holdings · Form 4 — an insider's transaction report

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

ComparePre-market

CompanyPriceChange
Immutep (ADR)$0.3717−2.93%$56.4M5.0+702.3%
Bristol-Myers Squibb$67.38−0.40%$138.21B14.910.62.8+5.7%
Regeneron$851.82−0.02%$87.78B21.114.15.7+16.7%
AstraZeneca (ADR)$163.48+1.13%$250.67B24.315.24.1+6.4%
Median21.114.14.1+6.4%