igm biosciences, inc., a biotechnology company, engages in the research and development of immunoglobulin m (igm) antibodies for the treatment of cancer. the company's lead product candidate is igm-2323, a bispecific igm antibody that is in phase 1 clinical trials to treat patients with b cell nhl and other b cell malignancies. it is also developing igm-8444, an igm antibody targeting death receptor 5 proteins; and igm-7354, is a bispecific igm antibody delivering interleukin-15 cytokines to pd-l1 expressing cells for use in the treatment of patients with solid and hematologic malignancies. igm biosciences, inc. has a collaboration with atreca inc. and beigene ltd. to discover, develop, and manufacture novel igm and iga antibodies targeting sars-cov-2 for the potential treatment of covid-19; and strategic research collaboration and license agreement with abcellera to discover and develop igm antibodies. the company was formerly known as palingen, inc. and changed its name to igm biosci
Company profile
Ticker
IGMS
Exchange
Website
CEO
Fred M. Schwarzer
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Palingen, Inc.
SEC CIK
Corporate docs
Subsidiaries
IGM Infectious Diseases, Inc. • IGM Autoimmunity and Inflammation, Inc. ...
IRS number
770349194
IGMS stock data
Latest filings (excl ownership)
S-8
Registration of securities for employees
7 Mar 24
8-K
IGM Biosciences Announces Fourth Quarter and Full Year 2023 Financial Results and Provides Corporate Update
7 Mar 24
10-K
2023 FY
Annual report
7 Mar 24
8-K
Results of Operations and Financial Condition
8 Jan 24
8-K
IGM Biosciences Announces Strategic Pipeline Prioritization and Cash Runway Extension
8 Dec 23
EFFECT
Notice of effectiveness
28 Nov 23
CORRESP
Correspondence with SEC
15 Nov 23
UPLOAD
Letter from SEC
14 Nov 23
S-3
Shelf registration
13 Nov 23
8-K
IGM Biosciences Announces Third Quarter 2023 Financial Results
13 Nov 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 175.41 mm | 175.41 mm | 175.41 mm | 175.41 mm | 175.41 mm | 175.41 mm |
Cash burn (monthly) | (no burn) | 224.67 k | 22.25 mm | 21.22 mm | 13.37 mm | 15.17 mm |
Cash used (since last report) | n/a | 1.34 mm | 132.95 mm | 126.76 mm | 79.90 mm | 90.65 mm |
Cash remaining | n/a | 174.07 mm | 42.46 mm | 48.65 mm | 95.51 mm | 84.76 mm |
Runway (months of cash) | n/a | 774.8 | 1.9 | 2.3 | 7.1 | 5.6 |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 81 |
Opened positions | 14 |
Closed positions | 15 |
Increased positions | 27 |
Reduced positions | 21 |
13F shares | Current |
---|---|
Total value | 161.47 bn |
Total shares | 34.04 mm |
Total puts | 1.10 k |
Total calls | 11.90 k |
Total put/call ratio | 0.1 |
Largest owners | Shares | Value |
---|---|---|
Haldor Topsoe Holding A/S | 10.40 mm | $93.81 mm |
T. Rowe Price | 3.24 mm | $27.08 bn |
Baker Bros. Advisors | 3.16 mm | $26.37 bn |
Redmile | 2.97 mm | $24.81 bn |
Artal | 2.52 mm | $21.06 mm |
FMR | 2.14 mm | $17.84 bn |
Artal International S.C.A. | 1.33 mm | $93.44 mm |
Ra Capital Management | 937.50 k | $7.83 bn |
Vanguard | 900.01 k | $7.52 bn |
BLK Blackrock | 870.92 k | $7.27 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
14 Mar 24 | Lisa Lynn Decker | Common Stock | Sell | Dispose S | No | No | 10.1705 | 1,578 | 16.05 k | 61,006 |
14 Mar 24 | Keyt Bruce | Common Stock | Sell | Dispose S | No | No | 10.1705 | 1,844 | 18.75 k | 171,856 |
14 Mar 24 | Schwarzer Fred | Common Stock | Sell | Dispose S | No | No | 10.1705 | 4,182 | 42.53 k | 216,651 |
14 Mar 24 | Takimoto Chris H | Common Stock | Sell | Dispose S | No | No | 10.1705 | 2,535 | 25.78 k | 94,388 |
14 Mar 24 | Misbah Tahir | Common Stock | Sell | Dispose S | No | No | 10.1705 | 2,543 | 25.86 k | 90,418 |
13 Mar 24 | Lisa Lynn Decker | Common Stock | Sell | Dispose S | No | No | 9.8752 | 1,798 | 17.76 k | 62,584 |
13 Mar 24 | Keyt Bruce | Common Stock | Sell | Dispose S | No | No | 9.8752 | 2,101 | 20.75 k | 173,700 |
13 Mar 24 | Schwarzer Fred | Common Stock | Sell | Dispose S | No | No | 9.8752 | 4,765 | 47.06 k | 220,833 |
13 Mar 24 | Takimoto Chris H | Common Stock | Sell | Dispose S | No | No | 9.8752 | 2,889 | 28.53 k | 96,923 |
13 Mar 24 | Misbah Tahir | Common Stock | Sell | Dispose S | No | No | 9.8752 | 2,897 | 28.61 k | 92,961 |
News
Where IGM Biosciences Stands With Analysts
8 Mar 24
RBC Capital Reiterates Outperform on IGM Biosciences, Maintains $21 Price Target
8 Mar 24
Wedbush Reiterates Outperform on IGM Biosciences, Maintains $20 Price Target
8 Mar 24
IGM Biosciences Q4 EPS $(1.01) Beats $(1.03) Estimate, Sales $651.00K Miss $700.00K Estimate
7 Mar 24
Why Big Lots Shares Are Trading Lower By Around 31%? Here Are Other Stocks Moving In Monday's Mid-Day Session
12 Feb 24