Imunon, Inc. (NASDAQ:IMNN) Q2 2024 Results Conference Call August 14, 2024 11:00 AM ET

Company Participants

Kim Golodetz - IR
Michael Tardugno - Executive Chairman
Stacy Lindborg - President and CEO
David Gaiero - Interim CFO

Conference Call Participants

Emily Bodnar - H.C. Wainwright
Kemp Dolliver - Brookline Capital Markets
David Bautz - Zacks
James Molloy - Alliance Global Partners

Operator

Good morning, everyone. My name is Jamie, and I will be your operator today. At this time, I would like to welcome you to Imunon Second Quarter 2024 Financial Results Conference Call [Operator Instructions]. Please also note today's event is being recorded.

At this time, I'd like to turn the floor over to Kim Golodetz. Please go ahead.

Kim Golodetz

Thank you, and good morning, everyone. This is Kim Golodetz with LHA. Welcome to Imunon's second quarter 2024 financial results and business update conference call. During today's call, management will be making forward-looking statements regarding Imunon's expectations and projections about future events. In general, forward-looking statements can be identified by words, such as expects, anticipates, believes or other similar expressions. These statements are based on current expectations and are subject to a number of risks and uncertainties, including those set forth in the company's periodic filings with the Securities and Exchange Commission. No forward-looking statements can be guaranteed and actual results may differ materially from such statements. I also caution that the content of this conference call is accurate only as of the date of the live broadcast, August 14, 2024. Imunon undertakes no obligation to revise or update comments made during this call, except as required by law. With that said, I would like to turn the call over to Michael Tardugno, Imunon's Executive Chairman. Michael?

Michael Tardugno

Thank you, Kim. And good morning, everyone. I just wanted to take the liberty to say a few words before turning the call over to Stacy Lindborg, our President and Chief Executive Officer; and to David Gaiero, who is our Interim Chief Financial Officer, as we seek a permanent replacement for our retired CFO, Jeff Church. And just to point, following our prepared remarks, there will be time for questions and this is your opportunity. We encourage you to, if you have a question, to use this time to ask us. We're happy to respond to your questions and concerns. On the fundamentals, I can report that your company is sound. The second quarter and recent weeks give testament to that and to Dr. Lindborg's strategy and leadership. As you know, we recently reported long awaited top line data from our Phase II study of IMNN-001, our unique IL-12 candidate, in ovarian cancer. These are women with very few options facing a standard of care that has seen very little change over the past 25 years. And given that, I can report that the results from our study in a word outstanding, unequivocally outstanding. In support of this remarkable outcome, Stacy has streamlined the company, refocused its attention, reduced expenses and despite the challenging comparable deal terms that we've seen recently closed on a truly investor friendly financing in this tough, tough capital market. I am delighted with our company's progress over the past quarter as I hope you are and with the future promise that IMNN-001 has for ovarian cancer patients. I'll also remind you that during the second quarter, Dr. Lindborg was appointed President and Chief Executive of Imunon. I'm sure that it was a difficult decision for her as she left a similar position with a company that she very, very much believed in to lead the development of our lead asset, IMNN-001 and to shape the company's strategy. I trust that you will agree with me that she has hit the ground running. So now it's my pleasure to turn the call over to Stacy.