Immatics appoints Venkat Ramanan, Ph.D., as Chief Financial Officer to advance its PRAME cell therapy commercialization efforts.
Quiver AI Summary
Immatics N.V., a clinical-stage biopharmaceutical company focused on precision targeting of PRAME, has announced the appointment of Venkat Ramanan, Ph.D., as Chief Financial Officer, effective immediately. Dr. Ramanan brings over 25 years of biopharmaceutical financial leadership experience from companies like Seagen, Gilead Sciences, and Amgen, and joins Immatics from Anthos Therapeutics, a Novartis subsidiary. His expertise will support the advancement and commercialization of Immatics' PRAME cell therapy, anzu-cel, aimed at addressing significant unmet medical needs in cancer treatment. CEO Harpreet Singh expressed enthusiasm for Dr. Ramanan's contributions to drive growth and maintain Immatics' leadership in the field. Arnd Christ, the outgoing CFO, was recognized for his valuable contributions to the company.
Potential Positives
- Immatics appointed Venkat Ramanan, Ph.D., as Chief Financial Officer, bringing over 25 years of experience in the biopharmaceutical industry, which enhances the company’s leadership team.
- Dr. Ramanan has a proven track record of facilitating successful product launches and managing corporate transactions, which is crucial as Immatics moves toward commercialization of its PRAME cell therapy, anzu-cel.
- The company's focus on precision targeting of PRAME positions it as a leader in a market addressing significant unmet medical needs, particularly in metastatic melanoma.
Potential Negatives
- Leadership transition may indicate instability, as the new CFO is taking over at a critical time leading up to a product launch.
- Forward-looking statements emphasize uncertainty regarding future performance and timelines, which could concern investors.
- The mention of risks and uncertainties in forward-looking statements may detract from overall confidence in the company's future prospects.
FAQ
Who has been appointed as the CFO of Immatics?
Venkat Ramanan, Ph.D., has been appointed as the Chief Financial Officer of Immatics, effective immediately.
What is Venkat Ramanan's background in biopharmaceuticals?
Dr. Ramanan has over 25 years of experience at companies like Seagen, Gilead Sciences, and Amgen in the biopharmaceutical industry.
What is the focus of Immatics' PRAME franchise?
Immatics' PRAME franchise targets a protein expressed in over 50 cancers, advancing therapies like TCR T-cell therapies and TCR bispecifics.
What are the future plans for Immatics under Dr. Ramanan?
Dr. Ramanan will support Immatics in advancing toward the commercialization of its PRAME cell therapy, anzu-cel, for cancer patients.
Where can I find updates about Immatics?
You can follow Immatics for updates on their website at www.immatics.com and social media channels like LinkedIn and Instagram.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$IMTX Hedge Fund Activity
We have seen 39 institutional investors add shares of $IMTX stock to their portfolio, and 39 decrease their positions in their most recent quarter.
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$IMTX Analyst Ratings
Wall Street analysts have issued reports on $IMTX in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Guggenheim issued a "Buy" rating on 09/18/2025
- Deutsche Bank issued a "Buy" rating on 05/28/2025
To track analyst ratings and price targets for $IMTX, check out Quiver Quantitative's $IMTX forecast page.
$IMTX Price Targets
Multiple analysts have issued price targets for $IMTX recently. We have seen 2 analysts offer price targets for $IMTX in the last 6 months, with a median target of $13.0.
Here are some recent targets:
- Paul Jeng from Guggenheim set a target price of $16.0 on 09/18/2025
- James Shin from Deutsche Bank set a target price of $10.0 on 05/28/2025
Full Release
Houston
, Texas and Tuebingen, Germany, October 1, 2025
–
Immatics N.V.
(NASDAQ: IMTX, “Immatics” or the “Company”), a clinical-stage biopharmaceutical company and the global leader in precision targeting of PRAME, today announced the appointment of Venkat Ramanan, Ph.D., as Chief Financial Officer (“CFO”), effective immediately. Dr. Ramanan is a seasoned financial leader in the biopharmaceutical industry with over 25 years of experience at companies including Seagen, Gilead Sciences and Amgen. He brings deep financial expertise in facilitating successful product launches, establishing scalable operations in global markets and enabling corporate transactions. He joins Immatics from Anthos Therapeutics, a Novartis company, where he served as CFO. He will succeed Immatics’ current CFO, Arnd Christ.
“We are thrilled to welcome Venkat to Immatics as an accomplished and passionate biopharmaceutical leader. His extensive experience will be instrumental in enabling us to continue to advance our PRAME franchise as well as rapidly move our PRAME cell therapy, anzu-cel, toward commercialization and to patients with a significant unmet medical need,” said Harpreet Singh, Ph.D., Chief Executive Officer and Co-Founder of Immatics. “I would also like to extend our gratitude to Arnd Christ for his financial leadership and tremendous contributions that have brought Immatics to where it stands today. On behalf of the entire team, I wish him all the best in his future endeavors.”
“This is a pivotal moment to join Immatics as the company advances toward its first commercial launch and works to bring its innovative PRAME cell therapy, anzu-cel, to patients with metastatic melanoma,” said Venkat Ramanan, Ph.D., Chief Financial Officer of Immatics. “I look forward to collaborating closely with the team during this dynamic stage of growth and supporting the transition to a commercial-stage organization. Together, we will further strengthen Immatics’ position as the global leader in precision targeting of PRAME, united by our commitment to making a meaningful impact on the lives of patients with cancer.”
Dr. Ramanan brings more than 25 years of experience and leadership in finance, strategy and operations across large and small biopharmaceutical companies, with a proven track record of leading companies through periods of successful transformation and growth. He joins Immatics from Anthos Therapeutics, a clinical-stage biotechnology company acquired by Novartis in April 2025, where he served as CFO. Previously, he was CFO at Turnstone Biologics, where he led the company’s transition from a private to public company through its IPO. Earlier, as Senior Vice President Finance at Seagen, he oversaw the finance department enabling multiple product launches, global expansion and strategic transactions. He also held senior finance and business leadership roles at Gilead Sciences and Amgen. He began his career in the biopharmaceutical industry as a consultant with ZS Associates. Dr. Ramanan holds a Ph.D. in Engineering Mechanics from The Ohio State University.
About Immatics
Immatics is committed to making a meaningful impact on the lives of patients with cancer. We are the global leader in precision targeting of PRAME, a target expressed in more than 50 cancers. Our cutting-edge science and robust clinical pipeline form the broadest PRAME franchise with the most PRAME indications and modalities, spanning TCR T-cell therapies and TCR bispecifics.
Immatics intends to use its website
www.immatics.com
as a means of disclosing material non-public information. For regular updates, you can also follow us on
LinkedIn
and
Instagram
.
Forward-Looking Statements
Certain statements in this press release may be considered forward-looking statements. Forward-looking statements generally relate to future events or the Company’s future financial or operating performance. For example, statements concerning timing of data read-outs for product candidates, the timing, outcome and design of clinical trials, the nature of clinical trials (including whether such clinical trials will be registration-enabling), the timing of IND, CTA or BLA filings, estimated market opportunities of product candidates, the Company’s focus on partnerships to advance its strategy, and other metrics are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “plan”, “target”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Immatics and its management, are inherently uncertain. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, various factors beyond management's control including general economic conditions and other risks, uncertainties and factors set forth in the Company’s Annual Report on Form 20-F and other filings with the Securities and Exchange Commission (SEC). Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company undertakes no duty to update these forward-looking statements. All the scientific and clinical data presented within this press release are – by definition prior to completion of the clinical trial and a clinical study report – preliminary in nature and subject to further quality checks including customary source data verification.
For more information, please contact:
Media
Trophic Communications
Phone: +49 151 74416179
Email:
[email protected]
Immatics N.V.
Jordan Silverstein
Head of Strategy
Phone: +1 346 319-3325
Email:
[email protected]
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