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INmune Bio Inc

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What Do They Do?

Develops drug candidates that target the innate immune system for patients with a rare skin disease, Alzheimer’s disease, and prostate cancer.

How Do They Make Money?

FY2025 revenue

Who Are Their Customers?

INmune Bio supplied CORDStrom to Great Ormond Street Children’s Hospital and Birmingham Children’s Hospital for the MissionEB study; it was compensated for product used in the trial.

Do Revenues Turn Into Profits?

No. It lost $45.9M in FY2025.

Operating income, FY2025
−94766% of revenue
▲ +11% (Loss) vs FY2024 (−$42.6M, −304536%)
Net income, FY2025
−91800% of revenue
▲ +9% (Loss) vs FY2024 (−$42.1M, −300714%)
Free cash flow, FY2025
−47284% of revenue

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Net income
▼ −95% (Loss)
vs −$24.5M in Q2 FY2025
  • May 5, 2026 Expanded Anthony Nolan collaboration supports CORDStrom’s broader disease pipeline The agreement secures long-term umbilical cord tissue and names oncology and inflammatory diseases among CORDStrom’s intended areas.

Shrinking. Revenue fell 72% in 4 years, from $181K in FY2021 to $50K in FY2025, about 28% a year.

From research supply to lead therapy The earlier report described CORDStrom as a supply opportunity for research groups and drug companies. The latest report positions it as the lead program for RDEB, alongside other clinical programs.

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