IMUNON CEO Reflects on Milestones in Oncology Innovation

Transformative Year: A Message from IMUNON's CEO

Significant advancements in the field of oncology have marked a memorable year for IMUNON, Inc. (NASDAQ: IMNN). Under the leadership of Stacy R. Lindborg, Ph.D., IMUNON has made remarkable strides in developing therapies aimed at redefining cancer treatments. This letter captures the essence of our mission, highlighting our breakthrough findings and outlining the journey ahead.

Celebrating Our Achievements with IMNN-001

This past year has been particularly triumphant for our lead candidate, IMNN-001. Undergoing clinical trials, IMNN-001 has brought hope to patients newly diagnosed with advanced ovarian cancer, entering the pivotal Phase 3 OVATION 3 study. Our earlier Phase 2 OVATION 2 study yielded outstanding results, showcasing IMNN-001 as a strong contender in transforming treatments for those affected by this challenging disease.

Key Findings from the OVATION 2 Study

The OVATION 2 Study unveiled impressive data that positions IMNN-001 on the forefront of cancer therapeutics:

• Extended Survival Rates: Data from the intent-to-treat (ITT) population indicated that patients receiving IMNN-001 alongside standard-of-care chemotherapy experienced an impressive median overall survival (OS) increase of 13 months compared to those receiving only standard care. This 46-month versus 33-month survival highlights the potential of IMNN-001 to create significant impacts in patient outcomes.
• Superior Efficacy with PARP Inhibitors: For patients using poly ADP-ribose polymerase (PARP) inhibitors, those treated with IMNN-001 have shown continued survival benefits beyond five years, with median OS yet to be reached, compared to 37 months in the control group.
• Your Health is Our Priority: Our investigations revealed that IMNN-001 is especially beneficial for women with homologous recombination deficiency (HRD+), including those with BRCA gene mutations, where significant enhancements in therapeutic activity were noted.
• Consistency Across Different Measures: The robustness of our data across multiple points and subgroups suggests that these survival benefits are credible and likely to be maintained as confirmed in upcoming Phase 3 studies.
• Safety is Key: One of the tremendous strengths of IMNN-001 lies in its favorable safety profile, being well tolerated with manageable side effects, thus affirming its potential as a first-in-class immunotherapy.

We have communicated closely with the U.S. Food and Drug Administration (FDA), receiving reassuring feedback about the robustness of our data, which paves the way for the extensive Phase 3 trials ahead.

Leveraging the TheraPlas Platform

IMNN-001 is powered by our innovative TheraPlas platform, capitalizing on the unique properties of interleukin-12 (IL-12) to effectively target tumor environments. This technology sets a strong foundation for further applications beyond ovarian cancer and explores the possibility of combining therapeutic agents, opening doors to vast opportunities for expansion.

Financial Discipline and Future Prospects

The growing interest from institutional investors reflects a confident stance in our scientific endeavors and strategic direction. The recent uptick in our stock price enhances our prospects of fulfilling the $1 NASDAQ listing requirement necessary for our continued growth. Our strategic planning for the Phase 3 OVATION 3 study of IMNN-001 emphasizes the importance of conserving resources to meet capital needs while fostering progress towards this essential therapy.

The Vision for IMUNON's Future

Looking forward, IMUNON is excited about the potential to meet the urgent needs of patients facing dire circumstances. With a decisive financial strategy, a robust pipeline showcasing TheraPlas's efficacy, and a commitment to groundbreaking trial results, we aim to deliver substantial value to you, our shareholders. Your continuous support will help pave the way for a future filled with hope and innovation in cancer treatment.

Warm regards,

Stacy R. Lindborg, Ph.D.
President and Chief Executive Officer
IMUNON, Inc.

Frequently Asked Questions

What significant results came from the OVATION 2 Study?

The OVATION 2 Study provided robust data demonstrating that IMNN-001 significantly extended the overall survival of patients with advanced ovarian cancer compared to standard care.

How does IMNN-001 work?

IMNN-001 leverages a unique interleukin-12 platform designed to specifically target tumor environments, enhancing immune responses against cancer cells.

What are the future plans for IMUNON?

IMUNON plans to advance its Phase 3 OVATION 3 study, deepen conversations with the FDA, and explore further applications for IMNN-001 across various tumor types.

What is the response from investors regarding IMUNON's progress?

Investor interest has surged, reflecting confidence in IMUNON's research outcomes and future potential, evidenced by a recent increase in the company’s stock price.

What is the potential market impact of IMNN-001?

Given its promising results and unique therapeutic profile, IMNN-001 has the potential to redefine treatment standards in ovarian cancer and beyond, opening avenues for significant market opportunities.

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