Instil Bio Reports Second Quarter 2026 Financial Results
The company reported $69.9 million in cash and a net loss of $8.5 million for the six months ended June 30, 2026.
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Biotechnology company advancing innovative therapeutic opportunities
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In short: Instil Bio discontinued its lead TIL and AXN-2510 programs, cut 60% of staff, and pivoted to acquisitions; Q2 cash stood at $69.9M.
The company reported $69.9 million in cash and a net loss of $8.5 million for the six months ended June 30, 2026.
Stockholders elected two directors and ratified the independent auditor. The company reported high shareholder participation rates for both proposals.
Company evaluating acquisitions and in-licensing; $76.3M cash expected to fund operations beyond 2027.
Under the termination, rights revert to ImmuneOnco, and Axion winds down clinical development of AXN-2510, an investigational therapy.
Instil Bio Inc. research and ratings by Barron's. View TIL revenue estimates and earnings estimates, as well as in-depth analyst breakdowns.
DALLAS, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Instil Bio, Inc. ("Instil") (Nasdaq: TIL), a biotechnology company focused on identifying and advancing innovative therapeutics, today reported...
Instil Bio ( (TIL)) has shared an update. On January 5, 2026, Instil Bio’s subsidiary Axion Bio and ImmuneOnco Biopharmaceuticals mutually terminated their August 1...
Instil Bio is calling it quits on its lead tumor-infiltrating lymphocyte therapy and four corresponding programs, a major overhaul of the company's priorities that's resulting...
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