Innate Pharma (IPHA) Q2 2026 Earnings Call Transcript

Innate Pharma reported its first half 2026 results, highlighting a strategic partnership with Sobi for lacutamab, a $75M upfront payment, and a €30M equity financing. Key milestones include the initiation of the TELLOMAK-3 Phase 3 trial for lacutamab, expected to report data in Q1 2027, and the presentation of IPH4502 Phase 1 data at ENA 2026. The company also anticipates a PACIFIC-9 Phase 3 readout for monalizumab by year-end. As of June 30, 2026, Innate Pharma had a cash position of €21.4M and

Swedish Orphan Biovitrum AB (Sobi) and Innate Pharma (IPH, IPHA) announced their strategic partnership is now effective. Sobi will pay Innate $75 million upfront, with potential milestone payments up to $465 million. Innate will conduct a Phase 3 trial for lacutamab, a treatment for cutaneous T-cell lymphoma, with Sobi receiving exclusive commercialization rights.

Innate Pharma (NASDAQ:IPHA) completed enrollment in the dose-escalation portion of its Phase I trial of IPH4502, enrolling 76 patients by July 21. The company expects 10 to 15 patients at go-forward doses across post-PADCEV urothelial cancer, head and neck cancer, and NSCLC, with dose-escalation data later in 2024. Innate also awaits primary-endpoint data from AstraZeneca’s PACIFIC-9 monalizumab study by year-end, after a €30M financing extending its cash runway into 2028.

Innate Pharma SA (Euronext Paris: IPH, Nasdaq: IPHA) priced a €30 million offering of 17,647,059 new ordinary shares at €1.70 each, raising expected gross proceeds of about €30 million and net proceeds of about €27.6 million after fees. Proceeds will fund IPH4502 clinical development, preclinical ADC candidates, and working capital. Closing expected Aug 18, 2026; cash runway through Q1 2028 with Sobi upfront payment.

Innate Pharma SA (Euronext Paris: IPH, Nasdaq: IPHA) announced a proposed private placement offering of about €22.5 million of ordinary shares. Net proceeds will fund continued development of IPH4502, preclinical ADC candidates, and working capital. Cash runway is until end-Q3 2026, or Q3 2027 after a $75m Sobi upfront payment, subject to conditions.

Swedish Orphan Biovitrum (Sobi) and Innate Pharma agreed on a partnership to start the TELLOMAK-3 confirmatory Phase 3 trial in cutaneous T-cell lymphoma, supporting an accelerated approval filing for lacutamab in Sézary syndrome. Sobi will pay Innate $75m at closing, with up to $40m in milestones, up to $465m for development rights and further milestones, plus tiered double-digit royalties.