Immatics

Immatics

IMTX
Tübingen, Germany· Est.
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IMTX · Stock Price

USD 11.14+6.90 (+162.74%)
Market Cap: $1.5B

Historical price data

Market Cap: $1.5BPipeline: 16 drugs (2 Phase 3)Patents: 3Founded: 2000Employees: ~700HQ: Tübingen, Germany

Overview

Immatics is a clinical-stage biotech company with a mission to develop novel, targeted immunotherapies for solid tumors. Its core achievement is building a dominant, multi-modality pipeline targeting PRAME, an antigen expressed in over 50 cancer types, using its proprietary XPRESIDENT® and XCEPTOR® discovery platforms. The company's strategy is to advance its lead TCR-T cell therapy (IMA203CD8) and bispecific TCR candidates through clinical development, leveraging its transatlantic operational footprint and strategic partnerships to bring precision oncology treatments to a broad patient population.

OncologySolid Tumors

Technology Platform

Proprietary XPRESIDENT® platform for mass spectrometry-based discovery of cancer-specific peptide targets and XCEPTOR® platform for TCR discovery and engineering.

Pipeline

16
16 drugs in pipeline2 in Phase 3

Funding History

4
Total raised:$288.8M
PIPE$110M
IPO$100.8M
Series B$58M
Series A$20M

Opportunities

PRAME is expressed in over 50 cancer types, representing a vast addressable patient population with high unmet need.
Immatics' first-mover advantage and broad multi-modality franchise position it to capture significant value in the emerging solid tumor TCR therapy market.

Risk Factors

High clinical development risk inherent in novel cell therapies for solid tumors.
Financial risk as a pre-revenue company requiring substantial future capital.
Competitive risk from other TCR and cell therapy platforms targeting similar indications.

Competitive Landscape

Immatics is the clinical leader in PRAME-targeted therapies, with few direct competitors at a similar stage. It competes broadly with other TCR-focused companies (e.g., Adaptimmune, Immunocore) and CAR-T developers moving into solid tumors. Its proprietary discovery platforms and deep PRAME focus are key differentiators.

Company Timeline

2000Founded

Founded in Tübingen, Germany

2017Series B

Series B: $58.0M

2020IPO

IPO — $100.8M

2021PIPE

PIPE: $110.0M