Immix Biopharma raised $117.1 million from a stock offering to fund NXC-201 development and corporate purposes.
Quiver AI Summary
Immix Biopharma, Inc. announced the successful closing of its underwritten public offering, selling 11,363,637 shares of common stock at $11.00 each, resulting in approximately $117.1 million in net proceeds. The funds will support the development of their lead therapy NXC-201, as well as general working capital and corporate purposes. The offering was managed by J.P. Morgan and attracted investments from prominent U.S. biotechnology firms and mutual funds. ImmixBio, a leader in treating relapsed/refractory AL Amyloidosis, is advancing its innovative CAR-T cell therapy, NXC-201, which has received significant regulatory designations aimed at expediting its development.
Potential Positives
- Immix Biopharma raised approximately $117.1 million in net proceeds from the successful closing of its underwritten registered offering.
- The proceeds will be allocated towards development of NXC-201, which is being evaluated in a multi-center study for relapsed/refractory AL Amyloidosis.
- NXC-201 has received significant designations from the FDA, including Breakthrough Therapy Designation and Regenerative Medicine Advanced Therapy, enhancing its potential for expedited development and approval.
- The offering attracted participation from leading U.S. biotechnology institutional investors and mutual funds, indicating strong market confidence in the company and its lead candidate.
Potential Negatives
- The company has conducted a public offering of shares, which could dilute existing shareholders' ownership and potentially lower the stock price.
- Despite raising a substantial amount of capital, there is no clear indication of how the funds will specifically enhance the company's profitability or shareholder value.
- The press release mentions the company's lead candidate, NXC-201, but does not provide details on its current clinical trial status or any potential risks associated with its development, which could raise concerns among investors.
FAQ
What was the public offering price for Immix Biopharma's shares?
The public offering price for Immix Biopharma's shares was $11.00 per share.
How much net proceeds did Immix Biopharma generate from the offering?
Immix Biopharma generated approximately $117.1 million in net proceeds from the offering.
What is Immix Biopharma's lead candidate therapy?
Immix Biopharma's lead candidate therapy is NXC-201, a CAR-T cell therapy targeting AL Amyloidosis.
Where can I find the prospectus for the offering?
The prospectus for the offering is available on the SEC's website at www.sec.gov and through J.P. Morgan Securities LLC.
What designations has NXC-201 received from the FDA?
NXC-201 has received Breakthrough Therapy Designation (BTD), Regenerative Medicine Advanced Therapy (RMAT), and Orphan Drug Designation (ODD).
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.
$IMMX Hedge Fund Activity
We have seen 71 institutional investors add shares of $IMMX stock to their portfolio, and 24 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- DEEP TRACK CAPITAL, LP added 2,775,000 shares (+inf%) to their portfolio in Q2 2026, for an estimated $28,610,250
- BLACKROCK, INC. added 2,521,595 shares (+538.4%) to their portfolio in Q2 2026, for an estimated $25,997,644
- OPALEYE MANAGEMENT INC. added 2,345,000 shares (+inf%) to their portfolio in Q2 2026, for an estimated $24,176,950
- UBS GROUP AG added 1,864,985 shares (+2427.4%) to their portfolio in Q2 2026, for an estimated $19,227,995
- WELLINGTON MANAGEMENT GROUP LLP added 1,473,409 shares (+inf%) to their portfolio in Q2 2026, for an estimated $15,190,846
- EVENTIDE ASSET MANAGEMENT, LLC added 1,342,000 shares (+52.6%) to their portfolio in Q2 2026, for an estimated $13,836,020
- PRICE T ROWE ASSOCIATES INC /MD/ added 1,324,918 shares (+319.3%) to their portfolio in Q2 2026, for an estimated $13,659,904
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$IMMX Price Targets
Multiple analysts have issued price targets for $IMMX recently. We have seen 3 analysts offer price targets for $IMMX in the last 6 months, with a median target of $20.0.
Here are some recent targets:
- Tazeen Ahmad from B of A Securities set a target price of $27.0 on 06/18/2026
- An analyst from LifeSci Capital set a target price of $19.0 on 06/17/2026
- Robert Burns from HC Wainwright & Co. set a target price of $20.0 on 05/22/2026
Full Release
LOS ANGELES, CA, Sept. 30, 2026 (GLOBE NEWSWIRE) -- Immix Biopharma, Inc. (“ImmixBio”, “Company”, “we” or “us” or “IMMX”), a global leader in relapsed/refractory AL Amyloidosis, today announced the closing of its previously announced underwritten registered offering of 11,363,637 shares of its common stock at a public offering price of $11.00 per share. The net proceeds to Immix from the offering, after deducting the underwriting discounts, commissions and other offering expenses, were approximately $117.1 million.
Immix intends to use the net proceeds from this offering to fund NXC-201 development, working capital and general corporate purposes.
J.P. Morgan acted as the sole book-running manager for the offering. The offering included participation from leading U.S. biotechnology institutional investors and mutual funds.
The shares of common stock described above were offered and sold by the Company pursuant to a shelf registration statement on Form S-3 (File No. 333-292665), including a base prospectus, filed with the U.S. Securities and Exchange Commission (the “SEC”) on January 9, 2026, and declared effective on January 22, 2026. A prospectus supplement and accompanying prospectus describing the terms of the offering was filed with the SEC and is available on the SEC’s website located at
www.sec.gov
. Copies of the prospectus supplement and the accompanying prospectus related to this offering may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by email at
[email protected]
and
[email protected]
.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About Immix Biopharma, Inc.
Immix Biopharma, Inc. (ImmixBio) (Nasdaq: IMMX) is a global leader in AL Amyloidosis. AL Amyloidosis is a devastating disease where the immune system, that’s supposed to protect, instead produces toxic light chains, clogging up the heart, kidney and liver, causing organ failure and death. Our lead candidate is sterically-optimized BCMA-targeted chimeric antigen receptor T (CAR-T) cell therapy NXC-201 with a proprietary CD3ζ, CD8 hinge and binder “digital filter” designed to filter out non-specific activation. NXC-201 teaches the immune system to recognize and eliminate the source of the toxic light chains. NXC-201 is being evaluated in the U.S. multi-center study for relapsed/refractory AL Amyloidosis NEXICART-2 (NCT06097832), with a potentially registrational design. NXC-201 has been awarded Breakthrough Therapy Designation (BTD) and Regenerative Medicine Advanced Therapy (RMAT) by the US FDA and Orphan Drug Designation (ODD) by FDA and in the EU by the EMA.
Contacts
Mike Moyer
LifeSci Advisors
[email protected]
Company Contact
Gabriel Morris, CFO
[email protected]