Nov. 25 at 11:05 PM
$IFRX Based on InflaRx’s (IFRX) recent positive Phase 2a topline data for INF904 in hidradenitis suppurativa (HS) and chronic spontaneous urticaria (CSU), announced on November 10, 2025, the company is in a strong position to attract a partner. This oral C5aR inhibitor showed rapid onset and efficacy superior to existing treatments in HS, with a clean safety profile. The data echoes the preclinical asset that prompted Biogen’s
$1.1 billion acquisition of Vanqua Bio in October 2025 for a similar mechanism.
InflaRx has been actively seeking commercial partners for its assets, as noted in their Q2 2025 earnings, particularly for GOHIBIC (vilobelimab) distribution outside the U.S. and for advancing their pipeline. With cash runway into 2027 and a market cap under
$300 million post-data surge, the setup is attractive for big pharma—especially given the HS market’s growth (projected to exceed
$5 billion by 2030) and unmet needs in CSU.
Biotech patterns show partnerships often materialize 1-4 months after compelling Phase 2 data, as seen with recent deals like Novo Nordisk/Septerna (
$2.2 billion for oral GLP-1s in May 2025) or Biogen/Vanqua. Analyst sentiment and investor chatter on platforms like X highlight IFRX as undervalued and a “takeout candidate,” with speculation of imminent interest from majors like Biogen or others in inflammation/immunology.
My prediction: InflaRx lands a partnership (likely a licensing or co-development deal for INF904) by mid-Q1 2026 (February-March). This is speculative but grounded in the fresh data catalyst, low valuation, and active partnering pursuit. Risks include data scrutiny or market conditions delaying it to Q2.