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Last updated : 24/04/2026 - 17h35
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Ipsen Unveils Two 'First-in-Class' Drug Candidates for Solid Tumors

Ipsen has announced the presentation of new preclinical data for two early-stage drug candidates at the American Association of Cancer Research (AACR) congress. These results demonstrate the company's strategic focus on precision immunomodulation in the treatment of solid tumors.


Ipsen Unveils Two 'First-in-Class' Drug Candidates for Solid Tumors

Presentation of Preclinical Data

Ipsen revealed preclinical data of IPN01203, a 'first-in-class' T cell activator selectively targeting V?6/V?10 T cells, during the 'New Drugs on the Horizon' session at the congress. This oral presentation highlighted the differentiated mode of action of the candidate to improve clinical outcomes in patients with solid tumors. The company also announced ITGA2 as a new target for IPN60300, a 'first-in-class' antibody-drug conjugate (ADC) currently in Phase I. Preclinical data show a marked overexpression of ITGA2 in pancreatic, gastric, and colorectal tumors, with differentiated expression compared to normal tissues. IPN60300 specifically binds to ITGA2 with high affinity, allowing efficient internalization of the conjugated cytotoxic drug, exatecan.

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IPN01203 is developed using Marengo's STAR (Selective T Cell Activation Repertoire) platform, a library of multi-specific fusion proteins targeting specific TCR variants. A Phase I/II dose escalation and expansion clinical trial is currently underway. IPN60300 combines an antibody targeting ITGA2, exatecan, and an innovative conjugation ligand from Escugen Biotechnology's EZWi-Fit™ technology. The target was identified through Foreseen Biotechnology's integrated platforms of translational proteomics and artificial intelligence. A Phase I/II trial including dose escalation and expansion is also in progress. Both programs are part of the group's precision medicine approach, based on precision immunomodulation for differentiated antitumor activity.



Sector Santé · Pharmacie Industrie Pharmaceutique


Assurance vie

Context

Period
  • Period: 2025
Key reported figures
  • Revenue: 3 675,9 millions d'euros
  • Revenue growth: 8,1 %
  • EBITDA: 1 383,3 millions d'euros
  • EBITDA margin: 37,6 %
  • Net income: 444,5 millions d'euros
  • Free cash flow: 1 000,6 millions d'euros
  • Dividend per share: 1,40 €
  • Payout ratio: 26,1 %
Guidance from the release
  • "En 2025, Ipsen a enregistré une croissance solide de son chiffre d'affaires et de son résultat opérationnel."
  • Ipsen a publié ses résultats 2025 et T4 2025: chiffre d'affaires de 3 675,9 millions d'euros, croissance YoY de 8,1%; Résultat opérationnel des activités de 1 294,1 millions d'euros, marge de 35,2%; Résultat net consolidé IFRS de 444,5 millions d'euros; Bénéfice dilué par action IFRS de 5,32 euros; Cash-flow libre de 1 000,6 millions d'euros; Dividende par action de 1,40 euro.
Outlook / guidance
  • Expected revenue: Une croissance des ventes totales supérieure à 13,0 % à taux de change constant en 2026
  • Management commentary: Ipsen prévoit en 2026 une croissance des ventes totales supérieure à 13,0% à taux de change constant et une marge opérationnelle des activités supérieure à 35,0%.

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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