GlobeNewswire Inc. · Jan 9, 2025
IGM Biosciences Provides Strategic Update on Autoimmunity Pipeline Programs
IGM Biosciences is discontinuing the development of its autoimmune disease drug candidates imvotamab and IGM-2644 due to insufficient efficacy. The company is also reducing its workforce by 73% and has $183.8 million in cash and investments as of December 31, 2024.

