Evommune

Evommune

Develops tissue-based therapies for inflammation

Overview

Evommune develops therapies for chronic inflammatory diseases. It uses human tissue to study the immune system and uncover pathways to medicines, helping identify and advance drug candidates efficiently. The company collaborates with other top teams across target discovery, pre-IND, and clinical development, and generates revenue by developing and commercializing its therapies for patients and healthcare providers. Compared with competitors, Evommune relies on tissue-based insights from human biology to guide drug selection and prioritization, reducing risk and speeding development, all through a partnership-driven model. Its goal is to improve patient outcomes and quality of life by delivering safer, more effective treatments for chronic inflammatory diseases.

About Evommune

Simplify's Rating
Why Evommune is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Biotechnology

Healthcare

Company Size

51-200

Company Stage

IPO

Headquarters

Los Altos, California

Founded

2020

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Simplify's Take

What believers are saying

  • June 2026 Q2 data readout kept EVO756 alive in AD after CSU failure.
  • Cash reached $288 million on June 30, 2026, funding operations into 2028.
  • Migraine Phase 2b started in 2026, creating a third catalyst beyond AD.

What critics are saying

  • EVO756 failed CSU in June 2026, reducing confidence in MRGPRX2 across indications.
  • Dupixent, Ebglyss, Xolair, and Rhapsido crowd AD and urticaria with entrenched incumbents.
  • A second AD miss in 3Q26 would force Evommune back to single-asset optionality.

What makes Evommune unique

  • EVO756 targets MRGPRX2, a first-in-class oral mechanism across mast-cell diseases.
  • EVO301 uses IL-18BP fusion biology, not standard antibody blockade, for inflammatory disease.
  • Evommune combines tissue-based discovery with multi-indication clinical breadth in AD, migraine, and urticaria.

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Funding

Total Funding

$543M

Above

Industry Average

Funded Over

7 Rounds

Private Placement Non VC funding comparison data is currently unavailable. We're working to provide this information soon!
Private Placement Non VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Pet Insurance

401(k) Retirement Plan

Parental Leave

Employee Referral Bonus

Hybrid Work Options

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

-5%

1 year growth

-7%

2 year growth

-7%
Dermatology Times
Jul 5th, 2026
Evommune's EVO756 misses primary end point in Phase 2b CSU trial, development continues in AD and migraine.

Evommune's EVO756 misses primary end point in Phase 2b CSU trial, development continues in AD and migraine. Evommune's EVO756 failed to meet the primary end point in a phase 2b trial for chronic spontaneous urticaria, prompting the company to discontinue development for the indication while continuing studies in atopic dermatitis. recently reported top-line results from its phase 2b trial evaluating EVO756 in adults with moderate -to severe chronic spontaneous urticaria (CSU), with the investigational oral MRGPRX2 antagonist failing to meet its primary efficacy end point. The company said the findings do not support further development of EVO756 for CSU but will continue advancing the therapy in atopic dermatitis (AD) and migraine.[1] The randomized, double-blind, placebo-controlled, dose-ranging phase 2b study enrolled 160 patients with moderate-to severe antihistamine-refractory CSU across the United States, Europe, Canada, and Japan. Participants were randomized to receive 1 of 3 active dose regimens of EVO756 or placebo. The study did not meet its primary end point of mean change from baseline in Urticaria Activity Score over 7 days (UAS7) at week 12, with none of the active treatment groups demonstrating improvement over placebo.[1] "EVO756 previously delivered positive Phase 2 data in chronic inducible urticaria and showed clear target engagement in the Phase 1 trial, however, the lack of efficacy demonstrated at Week 12 in this Phase 2b trial does not support further development of EVO756 for CSU," Eugene Bauer, MD, chief medical officer of Evommune, said in a statement.[1] "We are evaluating EVO756 in additional indications, and this Phase 2b trial confirmed safe and well tolerated doses that warrant these further studies." The company reported no new safety signals, noting that EVO756 was safe and well tolerated across all active dose groups. Earlier promise in MRGPRX2 inhibition. The findings contrast with earlier clinical data for EVO756 in chronic inducible urticaria (CIndU), where the oral therapy demonstrated promising activity in a proof-of-concept study., approximately 30% of patients achieved a complete response after 4 weeks of treatment, while roughly 70% experienced some degree of clinical improvement, supporting continued evaluation of MRGPRX2 inhibition in mast cell-mediated diseases.[2] In a, Mark Jackson, MD, senior vice president of clinical development at Evommune, said the receptor represents a potential therapeutic target because it is expressed on both mast cells and peripheral sensory neurons. He noted that inhibiting MRGPRX2 could provide a novel oral treatment strategy across multiple inflammatory diseases, including AD, by targeting both inflammation and neuroimmune signaling.[3] Pipeline focus shifts to AD and migraine. "While we are disappointed with the trial results in this indication, we continue to believe that modulation of MRGPRX2 represents a new potential therapeutic option to reduce inflammation and provide rapid relief of symptoms," Luis Peña, president and chief executive officer of Evommune, said in the company's announcement.[1] According to Peña, Evommune remains on track to report top-line phase 2b data evaluating EVO756 in AD during the third quarter of 2026. The company has also initiated patient screening for a separate phase 2b study investigating EVO756 as a migraine prophylaxis, with dosing expected to begin in the near term. Beyond EVO756, Evommune continues to advance EVO301, its long-acting injectable IL-18BP fusion protein designed to neutralize aberrantly upregulated IL-18 activity. The company recently reported positive phase 2a proof-of-concept data for EVO301 in AD and plans to initiate a phase 2b clinical trial. Peña also noted that Evommune expects its current cash position to support operations through 2028, positioning the company to continue advancing its inflammatory disease pipeline despite the CSU setback. Although EVO756 will no longer be developed for CSU, Evommune's near-term focus now shifts to the ongoing phase 2b AD program, with top-line results expected in the third quarter of 2026, as well as the newly initiated migraine prophylaxis study. References

Evommune, Inc.
Jun 29th, 2026
Evommune announces top-line results from EVO756 Phase 2b trial in moderate-to-severe chronic spontaneous urticaria.

Evommune announces top-line results from EVO756 Phase 2b trial in moderate-to-severe chronic spontaneous urticaria. - Trial did not meet the primary endpoint of mean change in Urticaria Activity Score over seven days (UAS7) at 12 weeks - Evommune to continue development of EVO756 in Atopic Dermatitis and Migraine PALO ALTO, Calif. & NEW YORK-(BUSINESS WIRE)- Evommune, Inc. (NYSE: EVMN) (the "Company" or "Evommune"), a clinical-stage biotechnology company developing innovative therapies that target key drivers of chronic inflammatory diseases, today announced top-line results from its randomized, double-blind, placebo controlled, dose-ranging Phase 2b trial evaluating the efficacy and safety of oral MRGPRX2 antagonist, EVO756, in adults with moderate-to-severe chronic spontaneous urticaria (CSU). The Phase 2b trial enrolled 160 moderate-to-severe antihistamine-refractory CSU patients in the United States, Europe, Canada and Japan. Participants received one of three active dose regimens or placebo. The study did not meet the primary endpoint of mean change in a patient's Urticaria Activity Score over seven days (UAS7) at 12 weeks at any dose. "EVO756 previously delivered positive Phase 2 data in chronic inducible urticaria and showed clear target engagement in the Phase 1 trial, however, the lack of efficacy demonstrated at Week 12 in this Phase 2b trial does not support further development of EVO756 for CSU," said Dr. Eugene Bauer, Chief Medical Officer of Evommune. "We are evaluating EVO756 in additional indications, and this Phase 2b trial confirmed safe and well tolerated doses that warrant these further studies. We are sincerely grateful to the patients, clinicians and administrators who participated in this trial." "While we are disappointed with the trial results in this indication, we continue to believe that modulation of MRGPRX2 represents a new potential therapeutic option to reduce inflammation and provide rapid relief of symptoms. We remain on track to report top-line Phase 2b data for EVO756 in atopic dermatitis (AD) in the third quarter of 2026. We have also initiated screening in a Phase 2b trial of EVO756 in migraine prophylaxis, and expect patient dosing to commence imminently. For EVO301, our IL-18BP fusion protein, we recently reported positive Phase 2a proof-of-concept data in AD and look forward to moving the program into a robust Phase 2b AD trial," said Luis Peña, President and Chief Executive Officer at Evommune. "With a strong cash position supporting our anticipated operations through 2028, we believe we are well positioned to execute on key milestones and further advance our pipeline of therapies addressing chronic inflammatory diseases." About EVO756 EVO756 is a first-in-class, potent and highly selective oral small molecule antagonist of Mas-related G protein-coupled receptor X2 (MRGPRX2), a receptor predominantly found on mast cells and peripheral sensory neurons. Evommune seeks to produce the first MRGPRX2-targeted oral treatment for chronic inflammatory diseases, including atopic dermatitis (AD) and migraine, as well as additional possible indication expansions. About EVO301 EVO301 is a long-acting injectable SAFA-IL-18BP fusion protein designed to neutralize aberrantly upregulated IL-18 activity. EVO301 facilitates more efficient tissue distribution and improved binding affinity and specificity relative to existing attempts to antagonize or inhibit the IL-18 pathway, including traditional mAbs. In addition, EVO301 incorporates several distinguishing design features, including selective and high binding affinity of native human IL-18BP and binding to serum albumin, smaller molecular weight, extended half-life for the neutralization of IL-18, and lower potential for immunogenicity. Evommune believes the distinct mechanism and modality of EVO301 complement those of EVO756, providing multiple, potentially synergistic avenues to bring innovative therapeutics to the large, underserved and rapidly expanding population of patients suffering from chronic inflammatory diseases. About Evommune, Inc. Evommune, Inc. is a clinical-stage biotechnology company developing innovative therapies that target key drivers of chronic inflammatory diseases. The Company's mission is to improve patients' daily lives and prevent the long-term effects of uncontrolled inflammation that are a consequence of the limitations of existing therapies. To achieve this, Evommune is advancing a portfolio of differentiated product candidates that target key drivers of chronic inflammation. For more information, please visit www.evommune.com and follow Evommune, Inc on LinkedIn. Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical facts are "forward-looking statements." These statements may be identified by words such as "aims," "anticipates," "believes," "could," "estimates," "expects," "forecasts," "goal," "intends," "may," "plans," "possible," "potential," "seeks," "will" and variations of these words or similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain these words. Forward-looking statements in this press release include, but are not limited to, statements regarding: the potential therapeutic benefit of EVO756 and EVO301, the design, objectives, initiation, timing, progress and results of current and future preclinical studies and clinical trials of the Company's product candidates, including the ongoing Phase 2 clinical trials for EVO756 and EVO301; anticipated cash runway through 2028; and the Company's ability to execute on key milestones and the continued advancement of the Company's portfolio. These forward-looking statements are based on the Company's expectations and assumptions as of the date of this press release. Each of these forward-looking statements involves risks and uncertainties that could cause the Company's clinical development programs, future results or performance to differ materially from those expressed or implied by the forward-looking statements. Many factors may cause differences between current expectations and actual results, including: the Company's limited operating history and historical losses; the potential that success in preclinical testing and earlier clinical trials does not ensure that later clinical trials will generate the same results or otherwise provide adequate data to demonstrate the efficacy and safety of a product candidate; the Company's ability to obtain regulatory approval of and successfully commercialize its product candidates; the impacts of macroeconomic conditions, including heightened inflation and uncertain credit and financial markets, on the Company's business, clinical trials and financial position; unexpected safety or efficacy data observed during preclinical studies or clinical trials; clinical trial site activation or enrollment rates that are lower than expected; the Company's ability to realize the benefits of its collaborations and license agreements; changes in expected or existing competition; changes in the regulatory environment; the Company's ability to obtain, maintain and protect its intellectual property; and unexpected litigation or other disputes. Other factors that may cause the Company's actual results to differ from those expressed or implied in the forward-looking statements in this press release are identified under the heading "Risk Factors" in the Company's Annual Report on Form 10-K, filed with the SEC on March 5, 2026, and in other filings that the Company makes and will make with the SEC in the future. The Company expressly disclaims any obligation to update any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise, except as otherwise required by law.

PharmaVoice
Apr 7th, 2026
Evommune IPO success driven by mid-stage IL-18 atopic dermatitis data, challenging Sanofi's $18B Dupixent

Evommune, one of only 11 biotechs to go public in 2025, is advancing two mid-stage immunology candidates despite a challenging funding environment. CEO Luis Peña said the company's experienced management team and multiple value inflection points helped it stand out during the "post-bubble hangover" affecting the industry. The company's shares nearly doubled in February following positive phase 2a data for EVO301, an IL-18 biologic for atopic dermatitis. Evommune is now proceeding with a phase 2b dose escalation study. Despite facing competition from Sanofi and Regeneron's Dupixent, which generated over $18 billion in sales last year, and Eli Lilly's Ebglyss, Peña believes the atopic dermatitis market needs 15 biologics to address patient heterogeneity. The company has raised $295 million to date and maintains a portfolio approach to chronic inflammation treatment.

Business Wire
Apr 6th, 2026
Evommune to host KOL webinar on April 13, 2026 highlighting the potential of MRGPRX2 inhibition in migraine.

Evommune to host KOL webinar on April 13, 2026 highlighting the potential of MRGPRX2 inhibition in migraine. Company to showcase expansion opportunity for EVO756 (MRGPRX2 Antagonist) into third indication of migraine prophylaxis; Phase 2b study to initiate in 3Q26 PALO ALTO, Calif. & NEW YORK-(BUSINESS WIRE)-Evommune, Inc. (NYSE: EVMN) ("Evommune" or the "Company"), a clinical-stage biotechnology company developing innovative therapies that target key drivers of chronic inflammatory diseases, today announced it will host a webinar highlighting the migraine treatment landscape and the role of MRGPRX2 inhibition on this debilitating condition on Monday, April 13, 2026, at 11:00 a.m. PT (2:00 p.m. ET). The event will include presentations from members of Evommune's management team and the following two leading experts in migraine: * Stewart Tepper, M.D., Vice President, The New England Institute for Neurology and Headache and Professor of Neurology, Geisel School of Medicine at Dartmouth, will discuss the migraine treatment landscape and the unmet need. * Greg Dussor, Ph.D., James Bartlett Chair in Behavioral and Brain Sciences and Professor and Department Head of Neuroscience at the University of Texas - Dallas, will discuss the pathophysiology of migraine and the role of MRGPRX2 in its manifestation. A live Q&A session will follow the formal presentations. A webcast for the event can be accessed in the News & Events page of the Company's IR webpage or by clicking here. The webcast will be archived on the same page for 90 days following the event. About EVO756 EVO756 is a first-in-class, potent and highly selective oral small molecule antagonist of Mas-related G protein-coupled receptor X2 (MRGPRX2), a receptor predominantly found on mast cells and peripheral sensory neurons. Evommune seeks to produce the first MRGPRX2-targeted oral treatment for chronic inflammatory diseases, including Chronic Spontaneous Urticaria (CSU), atopic dermatitis (AD), and migraine, with additional possible indication expansions. Top-line data from a Phase 2b dose-ranging trial in moderate-to-severe CSU is expected in the second quarter of 2026 and moderate-to-severe AD in the second half of 2026. About Evommune, Inc. Evommune, Inc., is a clinical-stage biotechnology company developing innovative therapies that target key drivers of chronic inflammatory diseases. The Company's mission is to improve patients' daily lives and prevent the long-term effects of uncontrolled inflammation that are a consequence of the limitations of existing therapies. To achieve this, Evommune is advancing a portfolio of differentiated product candidates that target key drivers of chronic inflammation. For more information, please visit www.evommune.com and follow us on LinkedIn.

Business Wire
Feb 16th, 2026
Evommune Announces $125 Million Private Placement

Evommune, Inc. (“Evommune” or the “Company”) (NYSE: EVMN), a clinical-stage biotechnology company developing innovative therapies that target key drivers of ...

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