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Last Updated: December 23, 2024

KIMMTRAK Drug Profile


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Summary for Tradename: KIMMTRAK
High Confidence Patents:0
Applicants:1
BLAs:1
Recent Clinical Trials: See clinical trials for KIMMTRAK
Recent Clinical Trials for KIMMTRAK

Identify potential brand extensions & biosimilar entrants

SponsorPhase
Diwakar DavarPhase 2
Immunocore LtdPhase 2

See all KIMMTRAK clinical trials

Note on Biologic Patents

Matching patents to biologic drugs is far more complicated than for small-molecule drugs.

DrugPatentWatch employs three methods to identify biologic patents:

  1. Brand-side disclosures in response to biosimilar applications
  2. These patents were identified from disclosures by the brand-side company, in response to a potential biosimilar seeking to launch. They have a high certainty of blocking biosimilar entry. The expiration dates listed are not estimates — they're expiration dates as indicated by the brand-side company.

  3. General brand-side disclosures
  4. These patents were identified from searching drug labels and other general disclosures from the brand-side company. This list may exclude some of the patents which block biosimilar launch, and some of these patents listed may not actually block biosimilar launch. The expiration dates listed for these patents are estimates, based on the grant date of the patent.

  5. Patents from broad patent text search
  6. For completeness, these patents were identified by searching the patent literature for mentions of the branded or ingredient name of the drug. Some of these patents protect the original drug, whereas others may protect follow-on inventions or even inventions casually mentioning the drug. The expiration dates listed for these patents are estimates, based on the grant date of the patent.

1) High Certainty: US Patents for KIMMTRAK Derived from Brand-Side Litigation

No patents found based on brand-side litigation

2) High Certainty: US Patents for KIMMTRAK Derived from Company Disclosures

No patents found based on company disclosures

3) Low Certainty: US Patents for KIMMTRAK Derived from Patent Text Search

No patents found based on company disclosures

KIMMTRAK Market Analysis and Financial Projection Experimental

Market Dynamics and Financial Trajectory for KIMMTRAK

Introduction

KIMMTRAK (tebentafusp-tebn), developed by Immunocore, is a groundbreaking immunotherapy drug approved for the treatment of unresectable or metastatic uveal melanoma (mUM) in HLA-A*02:01 positive patients. Here, we delve into the market dynamics and financial trajectory of KIMMTRAK, highlighting its commercial performance, expansion strategies, and future growth prospects.

Approval and Launch

KIMMTRAK has been approved in 38 countries and launched in 19 countries globally as of July 2024. This widespread approval and launch have been pivotal in establishing KIMMTRAK as the standard of care in most markets where it is available[1][4].

Financial Performance

Quarterly and Annual Sales

In the second quarter of 2024, KIMMTRAK generated net product sales of $75 million, with a total of $146 million for the first six months. This represents a 32% and 34% increase, respectively, compared to the prior year periods. The third quarter saw further growth, with net product sales of $80.2 million, marking a 28% increase over the same period in 2023[1][2].

For the full year 2023, KIMMTRAK net sales were $238.7 million, with $169.8 million generated in the United States, $67.6 million in Europe, and $1.3 million in international regions. This trend of increasing sales is a testament to the drug's growing market penetration and acceptance[4].

Regional Performance

The United States has been a significant contributor to KIMMTRAK's revenue, with $55.6 million in Q2 2024 and $57.3 million in Q3 2024. Europe also saw substantial growth, with $15.4 million in Q2 2024 and $21.0 million in Q3 2024. International regions, though smaller, are also expanding, with $4.3 million in Q2 2024 and $1.9 million in Q3 2024[1][2].

Key Drivers of Growth

The growth in KIMMTRAK sales is driven by several factors:

  • Increased Volume in the US: Greater penetration in the community setting and longer treatment durations have contributed significantly to US growth[1][2].
  • Global Expansion: New launches and reimbursement agreements in various countries have expanded KIMMTRAK's reach. For instance, reimbursement agreements were reached in Sweden and Poland, with expected launches in the second half of 2024[1][2].

Expansion Strategies

Clinical Trials and Future Indications

Immunocore is aggressively pursuing expansion into new indications:

  • Advanced Cutaneous Melanoma: Phase 3 trials, including PRISM-MEL-301 and TEBE-AM, are ongoing. These trials aim to establish KIMMTRAK as a treatment option for previously treated advanced cutaneous melanoma[2][4].
  • Adjuvant Uveal Melanoma: The ATOM trial, set to start randomizing in Q4 2024, will explore KIMMTRAK's potential in the adjuvant setting for uveal melanoma[2].

Collaborations

Immunocore has entered into a clinical trial collaboration and supply agreement with Bristol Myers Squibb to evaluate IMC-F106C (PRAME HLA-A02) with nivolumab in a registrational Phase 3 first-line advanced cutaneous melanoma trial. This collaboration enhances the potential for KIMMTRAK and other Immunocore therapies to be used in combination with other treatments[4].

Research and Development Expenses

The company's research and development (R&D) expenses have increased significantly, driven by the costs associated with these clinical trials. In Q2 2024, R&D expenses were $51.1 million, and in Q3 2024, they were $52.8 million, compared to $38.2 million and $43.2 million for the same periods in 2023, respectively[1][2].

Selling, General, and Administrative (SG&A) Expenses

SG&A expenses have remained relatively stable, with $35.5 million in both Q2 and Q3 2024, compared to the same periods in 2023. This stability reflects efficient management of operational costs despite the expansion efforts[1][2].

Financial Health and Funding

As of September 30, 2024, Immunocore had $901.3 million in cash, cash equivalents, and marketable securities. This strong financial position is bolstered by the net cash proceeds of $389.3 million raised from a convertible notes offering in February 2024. The company plans to use part of this funding to repay its existing loan and cover sales-related rebate accruals[2][5].

Clinical Outcomes and Market Impact

Clinical Data

Recent data presented at ASCO 2024 showed that KIMMTRAK-treated mUM patients with stable disease and any confirmed tumor reduction have similar clinical outcomes to patients with RECIST partial response. This data reinforces KIMMTRAK's efficacy and further solidifies its position in the market[1].

Market Dominance

KIMMTRAK continues to be the standard of care in most markets where it is launched. The drug's unique mechanism of action and strong clinical outcomes have made it a preferred choice for treating mUM, contributing to its market dominance[1][4].

Future Growth Prospects

New Indications and Trials

Over the next 18 months, Immunocore plans to present multiple data read-outs, including those for brenetafusp and the HIV MAD data. The company is also progressing three Phase 3 trials, with registrational data expected in 2026, 2027, and 2028. These initiatives are expected to further expand KIMMTRAK's market reach and potential[1].

Autoimmune and Oncology Programs

Immunocore is advancing new autoimmune and oncology clinical and pre-clinical programs, which could lead to additional revenue streams and growth opportunities in the future[1].

Key Takeaways

  • Strong Sales Growth: KIMMTRAK has shown significant sales growth driven by increased volume in the US and global expansion.
  • Expansion into New Indications: Ongoing and planned clinical trials aim to expand KIMMTRAK's use into advanced cutaneous melanoma and adjuvant uveal melanoma.
  • Financial Stability: Immunocore's strong financial position, bolstered by recent funding, supports its ongoing and future clinical trials and commercialization efforts.
  • Market Dominance: KIMMTRAK remains the standard of care in most markets, with strong clinical outcomes supporting its market position.

FAQs

What is KIMMTRAK used for?

KIMMTRAK (tebentafusp-tebn) is used for the treatment of unresectable or metastatic uveal melanoma (mUM) in HLA-A*02:01 positive patients.

How has KIMMTRAK performed financially in 2024?

In 2024, KIMMTRAK has shown strong financial performance with net product sales of $75 million in Q2 and $80.2 million in Q3, representing increases of 32% and 28% respectively over the prior year periods.

What are the key drivers of KIMMTRAK's sales growth?

The key drivers include increased volume in the US, longer treatment durations, and global expansion through new launches and reimbursement agreements.

What future clinical trials is Immunocore conducting for KIMMTRAK?

Immunocore is conducting Phase 3 trials for KIMMTRAK in advanced cutaneous melanoma (PRISM-MEL-301 and TEBE-AM) and adjuvant uveal melanoma (ATOM).

How financially stable is Immunocore?

Immunocore has a strong financial position with $901.3 million in cash, cash equivalents, and marketable securities as of September 30, 2024, and recent funding from a convertible notes offering.

Sources

  1. Immunocore Reports Second Quarter Financial Results and Provides a Business Update. Immunocore. August 8, 2024.
  2. Immunocore Reports Third Quarter Financial Results and Provides a Business Update. GlobeNewswire. November 6, 2024.
  3. Immunocore Reports First Quarter Financial Results and Provides a Business Update. Immunocore. May 8, 2024.
  4. Immunocore Reports Fourth Quarter and Full Year 2023 Financial Results and Provides a Business Update. Immunocore. February 28, 2024.
  5. Immunocore Reports Third Quarter Financial Results and Provides a Business Update. Immunocore. November 6, 2024.

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