Immunic Inc. reported a net loss of approximately $25.6 million, or $0.13 per basic and diluted share, for the third quarter ended September 30, 2025, compared to a net loss of $24.4 million, or $0.24 per share, for the same period in 2024. Research and development expenses for the quarter were $20.0 million, down from $21.4 million in the prior year quarter, mainly due to decreased external development costs related to IMU-856 and the completion of the phase 2 CALLIPER trial, partially offset by increased personnel expenses. Interest income for the nine months ended September 30, 2025, was $0.8 million, down from $3.0 million for the same period in 2024, primarily due to a lower average cash balance. During the period, key data from the phase 2 CALLIPER trial were presented, highlighting vidofludimus calcium's potential in progressive multiple sclerosis.