Immunic to raise up to $400M to fund late-stage MS trials, commercial push

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Immunic Inc. announced a private placement aiming to raise up to $400 million to finance the late-stage development of its multiple sclerosis pipeline and support its transition into a commercial-stage company. The funding will largely go towards completing Phase 3 trials for vidofludimus calcium and expanding preparatory commercial infrastructure. Concurrently, Immunic is undergoing leadership changes, with its co-founder and CEO Daniel Vitt moving to a senior executive role focusing on scientific strategy as the company seeks a new CEO with commercial MS experience.

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