In this episode of The Midweek Takeaway, Phil Carroll and Kevin Hornsby are joined by Tim McCarthy, CEO of ImmuPharma, for an in-depth update on the company’s P140 autoimmune platform. Tim explains why partnering discussions have attracted strong interest from multiple potential collaborators, including several top ten global pharma companies, and why the complexity and scale of that interest means a deal is now expected in 2026 rather than year-end 2025. He talks through what “finding the right partner” really looks like, how different deal structures might work (upfront payments, milestones, royalties), and why management remains very confident that a transformational licensing agreement will be secured despite the extended timeline.

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