Bolstered by $60 million in receipts from a private share placement, Immunic Inc ended 2022 with cash and investments of $116.4 million, enabling it to fund the clinical development of its products for multiple sclerosis, psoriasis, and celiac disease into the fourth quarter of 2024. The financing, completed in October 2022, was supported by new and existing investors including Deep Track Capital, Commodore Capital and BVF Partners LP.
