Company DescriptionMendus AB (publ), a biopharmaceutical company, develops immunotherapies and relapse vaccines for the treatment of cancer. Its lead product is ilixadencel, which is in Phase II MERECA clinical trial for the treatment of kidney cancer; and Phase I/II clinical trial to treat liver cancer and gastrointestinal stromal tumors. The company's products also comprise DCP-001, which is in Phase II ADVANCE-II clinical trial for the treatment of acute myeloid leukemia; and Phase I/II ALISON clinical trial for the treatment of ovarian cancers. It has a research collaboration with PCI Biotech Holding ASA for novel cancer vaccination treatment; and with Icahn School of Medicine at Mount Sinai. The company was formerly known as Immunicum AB (publ) and changed its name to Mendus AB (publ) in June 2022. Mendus AB (publ) was incorporated in 2002 and is headquartered in Stockholm, Sweden.
How the Company Makes MoneyImmunicum AB generates revenue through the development and commercialization of its proprietary immune therapies. The company's primary revenue stream comes from partnerships and collaborations with larger pharmaceutical and biotechnology firms that are interested in co-developing or licensing its technology. These partnerships often involve milestone payments and royalties based on the success and commercialization of the therapies. Additionally, Immunicum may receive funding from grants or governmental support for innovative research in immuno-oncology. The company’s revenue model is heavily reliant on the successful progression of its therapies through clinical trials and subsequent market approval.