# EDGAR Filing Document

**Accession Number:** 0001711754
**File Stem:** 0001213900-25-068745
**Filing Date:** 2025-7
**Character Count:** 35886
**Document Hash:** 16cdff5b985f4c1d4955c9a0108fd52a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-068745.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001213900-25-068745

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 45

**CONFORMED PERIOD OF REPORT**: 20250729

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Inmune Bio, Inc.
- **CENTRAL INDEX KEY:** 0001711754
- **STANDARD INDUSTRIAL CLASSIFICATION:** BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836]
- **ORGANIZATION NAME:** 03 Life Sciences
- **EIN:** 475205835
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38793
- **FILM NUMBER:** 251162304

**BUSINESS ADDRESS:**
- **STREET 1:** 225 NE MIZNER BLVD, SUITE 640
- **CITY:** BOCA RATON
- **STATE:** FL
- **ZIP:** 33432
- **BUSINESS PHONE:** 8589643720

**MAIL ADDRESS:**
- **STREET 1:** 225 NE MIZNER BLVD, SUITE 640
- **CITY:** BOCA RATON
- **STATE:** FL
- **ZIP:** 33432

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): July 29, 2025

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|:---|
| **INMUNE BIO INC.** |
| (Exact name of registrant as specified in charter) |

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| | | |
|:---|:---|:---|
| **Nevada** | **001-38793** | **47-5205835** |
| (State or other jurisdiction | (Commission File Number) | (IRS Employer |
| of incorporation) |  | Identification No.) |

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**<u>225 NE Mizner Blvd., Suite 640, Boca Raton, Florida 33432</u>**

(Address of Principal Executive Offices) (Zip Code)

**<u>(858) 964 3720</u>**

(Registrant's Telephone Number, Including Area Code)

**<u>Not Applicable</u>**

(Former Name or Former Address, If Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<u>see</u> General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | |
|:---|:---|
| **Title of each class** | **Name of each exchange on which registered** |
| Common Stock, par value $0.001 per shares INMB | The NASDAQ Stock Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mart if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 8.01. Other Events.**

On July 29, 2025, INmune Bio, Inc. (the "Company") issued a press release announcing that a video detailing the additional findings from the Company's Phase 2 MINDFuL trial evaluating XPro™, a novel selective soluble tumor necrosis factor inhibitor, will be published on the Company's YouTube Channel following the conclusion of the Alzheimer's Association International Conference in Toronto, Canada.

The Company also made available an updated corporate presentation, which includes additional information about the Company and its clinical programs.

Copies of the press release and the corporate presentation are filed as Exhibits 99.1 and 99.2, respectively, to this Current Report on Form 8-K and are incorporated herein by reference.

**Item 9.01 Financial statements and Exhibits**

(d) Exhibits.

99.1 [Press Release, dated July 29, 2025](ea025059401ex99-1_inmune.htm) <br> 99.2 [Corporate Presentation, dated July 29, 2025](ea025059401ex99-2_inmune.htm) <br> 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **INMUNE BIO INC.** | **INMUNE BIO INC.** |
| Date: July 29, 2025 | By: | */s/ David Moss* |
|  |  | David Moss |
|  |  | Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

![](ex99-1_001.jpg)

INmune Bio to Publish Video Detailing MINDFuL Trial Findings of XPro™ Presented at the Alzheimer's Association International Conference

Boca Raton, July 29, 2025 (GLOBE NEWSWIRE) -- INmune Bio Inc. (NASDAQ: INMB) announced today that a video detailing the additional findings from the Phase 2 MINDFuL trial evaluating XPro™, a novel selective soluble TNF inhibitor, will be published on the company's YouTube Channel following the conclusion of Alzheimer's Association International Conference (AAIC) in Toronto, Canada.

This forthcoming video will offer a comprehensive overview of the latest clinical insights shared during the Alzheimer's Association International Conference (AAIC). Viewers can expect an in-depth exploration of how XPro™ was evaluated within the MINDFuL study design, as well as the significance of the findings for patients, clinicians, and investors interested in the evolving landscape of Alzheimer's disease therapies.

The presentation at AAIC is scheduled in a Developing Topics session on Tuesday, July 29, 2025, from 2:00 to 3:30 PM ET in room 718 and the video will be available at 4PM ET on Thursday, July 31, 2025.

The MINDFuL trial is a double-blind, Phase 2 proof-of-concept study examining the potential of XPro™ to slow cognitive decline in early-stage Alzheimer's disease (AD) by targeting neuroinflammation. In the trial, changes in clinical measures of cognition, behavior, and AD-related biomarkers demonstrated a consistent benefit of treatment with XPro<sup>TM</sup> after 6 months in a subpopulation of patients with amyloid-beta pathology and at least 2 of the blood biomarkers of inflammation.

"The meaningful changes seen in a short trial are very encouraging," said Dr. CJ Barnum, Vice President of CNS Drug Development at INmune Bio. "We are honored that Dr. Sharon Cohen will present our data at AAIC and look forward to sharing the information more broadly through this video format."

The video will be available on INmune Bio's YouTube Channel at 4 PM ET on Thursday which can be found by clicking here.

**About INmune Bio Inc.**

INmune Bio Inc. is a publicly traded (NASDAQ: INMB), clinical-stage biotechnology company focused on developing treatments that target the innate immune system to fight disease. INmune Bio has three product platforms: the Dominant-Negative Tumor Necrosis Factor (DN-TNF) product platform utilizes dominant-negative technology to selectively neutralize soluble TNF, a key driver of innate immune dysfunction and a mechanistic driver of many diseases. DN-TNF product candidates are in clinical trials to determine if they can treat Mild Alzheimer's disease, Mild Cognitive Impairment and treatment-resistant depression (XPro™). The Natural Killer Cell Priming Platform includes INKmune® developed to prime a patient's NK cells to eliminate minimal residual disease in patients with cancer and is currently in trials in metastatic castration-resistance prostate cancer. The third program, CORDStrom™, is a proprietary allogeneic, pooled, human umbilical cord-derived mesenchymal Stromal/Stem cell (hucMSCs) platform that recently completed a blinded randomized trial in recessive dystrophic epidermolysis bullosa. INmune Bio's product platforms utilize a precision medicine approach for diseases driven by chronic inflammation and cancer.

**Forward Looking Statements**

Clinical trials are in early stages and there is no assurance that any specific outcome will be achieved. Any statements contained in this press release related to the development or commercialization of product candidates and other business and financial matters, including without limitation, trial results and data, including the results of the Phase 2 MINDFuL trial, the timing of key milestones, future plans or expectations for the treatment of XPro™, and the prospects for receiving regulatory approval or commercializing or selling any product or drug candidates may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based on current expectations but are subject to several risks and uncertainties. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements because of these risks and uncertainties. CORDstrom™, XPro1595 (XPro™, *pegipanermin*), and INKmune®™ have either finished clinical trials, are still in clinical trials or are preparing to start clinical trials and have not been approved by the US Food and Drug Administration (FDA) or any regulatory body and there cannot be any assurance that they will be approved by the FDA or any regulatory body or that any specific results will be achieved. The factors that could cause actual future results to differ materially from current expectations include, but are not limited to, risks and uncertainties relating to the Company's ability to produce more drug for clinical trials; the availability of substantial additional funding for the Company to continue its operations and to conduct research and development, clinical studies and future product commercialization; and, the Company's business, research, product development, regulatory approval, marketing and distribution plans and strategies. These and other factors are identified and described in more detail in the Company's filings with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K, the Company's Quarterly Reports on Form 10-Q and the Company's Current Reports on Form 8-K. The Company assumes no obligation to update any forward-looking statements to reflect any event or circumstance that may arise after the date of this release.

**Company Contact:**

David Moss<br> Chief Financial Officer<br> (561) 710-0512<br> info@inmunebio.com

Daniel Carlson<br> Head of Investor Relations<br> (415) 509-4590<br> dcarlson@inmunebio.com

## Exhibit 99.2

**Exhibit 99.2**

![](ex99-2_001.jpg)

1 Corporate Presentation August 2025 NASDAQ: INMB

![](ex99-2_002.jpg)

2 FORWARD LOOKING STATEMENTS This presentation contains "forward - looking statements" Forward - looking statements reflect our current view about future events. When used in this presentation, the words "anticipate," "believe," "estimate," "expect," "future," "intend," "plan," or the negative of these terms and similar expressions, as they relate to us or our management, identify forward - looking statements. Such statements, include, but are not limited to, statements contained in this presentation relating to our business strategy, our future operating results and liquidity and capital resources outlook. Forward - looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward – looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward - looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward - looking statements. Important factors that could cause actual results to differ materially from those in the forward - looking statements include, without limitation, our ability to raise capital to fund continuing operations; our ability to protect our intellectual property rights; the impact of any infringement actions or other litigation brought against us; competition from other providers and products; our ability to develop and commercialize products and services; changes in government regulation; our ability to complete capital raising transactions; and other factors (including the risks contained in the section of this prospectus entitled "Risk Factors") relating to our industry, our operations and results of operations. Actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward - looking statements to conform these statements to actual results. Clinical trials are in early stages and there is no assurance that any specific outcome will be achieved. Any statements cont ain ed in this press release related to the development or commercialization of product candidates and other business and financial matters, including without limitation, trial results an d data, including the results of the Phase 2 MINDFuL trial, the timing of key milestones, future plans or expectations for the treatment of XPro , and the prospects for receiving regulatory approval or commercializing or selling any product or drug candidates may constitute forward - looking statements as that term is defined in the Private Securities Litigatio n Reform Act of 1995. Any forward - looking statements contained herein are based on current expectations but are subject to several risks and uncertainties. Actual results and the ti ming of certain events and circumstances may differ materially from those described by the forward - looking statements because of these risks and uncertainties. CORDstrom , XPro1595 (XPro , pegipanermin), and INKmune® have either finished clinical trials, are still in clinical trials or are preparing to start clinical trials and have not been app rov ed by the US Food and Drug Administration (FDA) or any regulatory body and there cannot be any assurance that they will be approved by the FDA or any regulatory body or that any sp eci fic results will be achieved. The factors that could cause actual future results to differ materially from current expectations include, but are not limited to, risks and uncerta int ies relating to the Company's ability to produce more drug for clinical trials; the availability of substantial additional funding for the Company to continue its operations and t o c onduct research and development, clinical studies and future product commercialization; and, the Company's business, research, product development, regulatory approval, marketing and distribution plans and strategies. These and other factors are identified and described in more detail in the Company's filings with the Securities and Exchange Commissio n, including the Company's Annual Report on Form 10 - K, the Company's Quarterly Reports on Form 10 - Q and the Company's Current Reports on Form 8 - K. The Company assumes no obligation to update any forward - looking statements to reflect any event or circumstance that may arise after the date of this release.

![](ex99-2_003.jpg)

a 3 XPro » TNF is the master regulator of the innate immune system and causes TNF dysfunction in many neurologic disease. » XPro TM is designed to reestablish normal TNF function to treat disease. CORDStrom » Mesenchymal Stromal cells (MSC) are recognized for their immunomodulatory, anti - inflammatory and wound healing properties with potential to treat a diverse set of diseases. » CORDStrom TM technology is designed to solve the limitations of previous MSC therapies and is currently in development for a rare pediatric disease and other indications. INKmune » Natural Killer cells are responsible for detecting and eliminating cancer cells and become dysfunctional with age. » INKmune TM works within the body to activate the patients' own NK cells against multiple forms of cancer. Three Platforms Modulating the Innate Immune System

![](ex99-2_004.jpg)

4 Approaching Alzheimer's as an Immunologic Disease

![](ex99-2_005.jpg)

5 Strong Evidence for XPro TM to Treat Alzheimer's Disease Humans and Animals 1. Torres - Acosta N, et al. J Alzheimer's Dis. 2020;78:619 – 626 2. Fillit H, et al. Neurosci Letters . 1991;129:318 - 320 3. Tarkowski E, et al. J Clin Immunol. 1999, 19(4):223 - 230 4. Dickson DW. J Neuropathol Exp. Neurol 1997;56:321 - 339 5. Paganeli R, et al . Experimental Gerontology . 2002 ; 37 : 257 - 263 6. Parker et al . The Journals of Gerontology (2019) 74 (3) : 283 7. Lahiri et al . J Alzheimer's Dis . 2003 ; 5 (2) : 81 - 90 8. Blasko et al . FASEB Journal . 1999 , 13 (1) : 63 - 68 9. Gorlovoy et al . FASEB Journal . 2009 , 23 (8) : 2502 - 2513 10. Montgomery et al . Am Journal Pathology . 2013 , 182 (6) : 2285 - 2297 11. Janelsins et al . Am Journal Pathology . 2008 , 173 (6) : 1768 - 1782 12. Lee et al . Molecular Med Rep . 2014 , 10 (4) : 1869 - 1874 13. He et al . J Cell Biol . 2007 , 178 (5) : 829 - 841 Evidence linking TNF to AD XPro TM efficacy in AD models TNF inhibitors reduce risk of AD Anti - TNF therapies 1 reduce the risk of AD in humans by up to: TNF causes AD pathology in animals TNF increases amyloid 7,8 and Tau 9 - 12 TNF causes cell loss and cognitive impairment 13 TNF increases with Age TNF levels increase beginning the 3 rd or 4 th decade of life and correlate with age 6 72 % TNF increased in AD Patients Plasma and CSF TNF levels increased in AD patients 2,3 TNF co - localizes with amyloid plaques 4 TNF levels correlate with disease progression 5

![](ex99-2_006.jpg)

6 TNF Biology – Two Ligands with Opposite Effects Created with BioRender.com .

![](ex99-2_007.jpg)

7 XPro : A TNF Inhibitor Designed to Treat Neurologic Disease \* Dominant - Negative in genetics: A mutation producing a rogue protein that interferes with the function of the native protein. Steed, Science 2003; Zalevsky , JI 2007; McCoy, JNeuro 2006; Vujanovic, Blood 2010; Brambilla, Brain 2011; Khera, Clin Exp Immunol 2012 that cannot bind to TNFR forms inactive heterotrimers + = XPro A dominant - negative\* protein identical to the human soluble TNF monomer but has mutations in the receptor binding domain that inhibit solTNF from binding to the TNFR TNFR

![](ex99-2_008.jpg)

8 Selective Inhibition of Soluble TNF is Necessary to Treat AD Disease Worsening Etanercept Non - selective TNF inhibition Disease (Model of Multiple Sclerosis) Adapted from: Karamita et al., 2017. Illustrations generated with bioRender . Normal XPro TM Disease Repair Soluble TNF inhibition

![](ex99-2_009.jpg)

9 Rationale and Background for XPro1595 in Alzheimer's Disease Neuroinflammation in AD • Recognized contributor to disease progression in AD 1 • Associated with synaptic dysfunction/loss and cognitive impairment across the AD continuum 2 • Implicated in neurotoxic gliosis and tau - related neurodegeneration downstream of amyloid - beta (A β) in AD 3 XPro1595 Mechanism of Action • Selective, brain - penetrant neutralizer of the soluble and proinflammatory form of tumor necrosis factor (solTNF) • Safely and selectively inhibits inflammatory signaling • Does not cause immunosuppression • Does not interfere with immune neuroprotection, homeostatasis and repair XPro1595 in AD: Phase 1 • Demonstrated safety in Phase 1b study in AD (n=20) • Dose dependent reduction in inflammatory cytokines in cerebrospinal fluid (CSF) • Dose dependent modulation of proteins differentially affected in AD 5 • Signal for target engagement in gray matter cortices most frequently impacted by AD pathology 6 1 Jack CR Jr, et al. Alzheimers Dement. 2024. 2 Taddei RN, et al. JAMA Neurol. 2023. 3 Sánchez - Juan P, et al. Brain. 2024. 5 Pope P, et al. Alzheimer's & Dementia , 2024. 20(S8): p. e095343. 6 Pope, P., et al. Alzheimer's Dement ., 19: e083229.

![](ex99-2_010.jpg)

10 Key Enrollment Criterion □ Early AD (50 - 85 yrs) □ Amyloid positive □ CDR (0.5 or 1) □ MMSE > 22 □ Ecog >1.5 □ One Inflammatory Biomarker: □ hsCRP (1.5 mg/L) □ ESR (10 mmg / hr) □ HbA1c (6%) □ APOE4+ Baseline □ EMACC □ Cognition □ Function □ Blood □ MRI Baseline Week 6 □ EMACC Week 12 □ EMACC □ Cognition □ Function □ Blood □ MRI Week 18 □ EMACC Week 24 □ EMACC □ Cognition □ Function □ Blood □ MRI Primary Endpoint □ EMACC Secondary Endpoints □ CDR □ Ecog □ ADL, NPI □ Blood □ MRI □ Safety Six month, Randomized, Placebo - Controlled, Blinded Study of XPro1595 in Early Alzheimer's with Biomarkers of Inflammation XPro1595 1 mg/kg weekly subQ injection Placebo n= 208 2:1 XPro : Placebo

![](ex99-2_011.jpg)

11 Phase 2 Study Results

![](ex99-2_012.jpg)

Baseline Demographics / Disease Characteristics (SAF Population) a Total (n=206) XPro 1595 (n=139) Placebo (n=67) Demographic 72.5 (6.51) 72.7 (6.40) 72.1 (6.75) Age, years 105 (51.0%) 70 (50.4%) 35 (52.2%) Sex (female), n (%) 198 (95.1%) 131 (94.2%) 65 (97.0%) Race (white), n (%) 192 (96.1%) 134 (96.4%) 64 (95.5%) Ethnicity (not Hispanic or Latino), n (%) 93 (45.1%) 113 (54.9%) 62 (44.6%) 77 (55.4%) 31 (46.3%) 36 (53.7%) Diagnosis (randomization), n (%) MCI mAD 63 (30.6%) 16 (7.8%) 43 (31.6%) 10 (7.4%) 20 (29.9%) 6 (9.0%) Concomitant AD medication, n (%) Acetylcholinesterase inhibitors Memantine 25.8 (2.33) 25.7 (2.40) 26.0 (2.19) MMSE (screening), mean (SD) 2.95 (1.46) 3.23 (1.58) 2.67 (1.35) CDR - SB (baseline, mean (SD) Modified Intention to Treat Population (mITT) 200 45 (22.5%) 117 (58.5%) 15 (7.5%) 134 26 (19.4%) 80 (59.7%) 11 (8.2%) 66 19 (28.8%) 37 (56.1%) 4 (6.1%) APOE ε 4 genotype, n Noncarrier, n (%) Carrier, n (%) Homozygote, n (%) 150 (75.0%) 103 (76.9%) 47 (71.2%) Amyloid - beta (A β) positive, n (%) 75 (37.5%) 85 (42.5%) 33 (16.5%) 5 (2.5%) 47 (35.1%) 58 (43.3%) 24 (19.9%) 5 (3.7%) 28 (42.4%) 27 (40.9%) 9 (13.6%) 0 (0%) Enrichment biomarkers of inflammation, n (%) 1 biomarker 2 biomarkers 3 biomarkers 4 biomarkers a SAF=Safety Analysis Set (all patients who have received any amount of XPro1595 or Placebo) Source: INmune Bio, Inc., Protocol: XPro1595 - AD - 02, Unblinded Tables

![](ex99-2_013.jpg)

13 Population Changes Due to Operational Limitations Original Key Inclusion Criteria: Enriched Protocol • Age (60 - 85 years) • Diagnosis of mild AD (NIA - AA stage - 4) 1 • Amyloid - beta positive (Aβ+) • MMSE ≥ 22 • ≥ 2 blood biomarkers of inflammation Expanded Inclusion Criteria: Revised Protocol • Age (50 - 85 years) • Diagnosis of MCI or mild AD (NIA - AA stages 3 - 4) 1 • Amyloid - beta positive (Aβ+) • MMSE ≥ 22 • ≥ 1 blood biomarker of inflammation mITT Population expanded recruitment criteria n=200 Enriched Population A β+ and ≥ 2 biomarkers of inflammation n=100 To assess a possible treatment effect of XPro1595 compared to placebo, a decrease in cognition within the placebo - treated group over the study period is necessary. No such decline is observed in the placebo group within the mITT population, but a decline is present in the placebo group among the Enriched population.

![](ex99-2_014.jpg)

14 Enriched Population (n=100): Primary and Key Secondary Endpoints Change From Baseline EMACC: LS Mean Diff (SE): 0.086 (0.0603) , 90% CI: - 0.0146, 0.1857 , p - value: 0.1594. CDR - SB: LS Mean Diff (SE): - 0.08 (0.307) , 90% CI: - 0.593, 0.426 , p - value: 0.7859. NPI: LS Mean Diff (SE): - 1.6 (1.25), 90% CI: - 3.71, 0.47 , p - value: 0.2003 Placebo XPro1595

![](ex99-2_015.jpg)

15 Enriched Population: Most Endpoints Favor Treatment with XPro1595 Depicted as absolute effect sizes (Cohen's D) Effect size (Cohen's D) EMACC: Early and Mild Alzheimer's Cognitive Composite . ISRL: International Shopping List Delayed Recall. CDR - SB: Clinical Dementia Rating – Sum of Boxes. NPI: Neuropsychiatric Inventory. E - Cog: Everyday Cognition. GFAP: glial fibrillary acidic protein

![](ex99-2_016.jpg)

16 No ARIA Despite inclusion of patients at risk for ARIA ARIA - E = amyloid - related imaging abnormalities - edema/effusions; ARIA - H=amyloid - related imaging abnormalities - microhemorrhages/hemosiderin deposits; SAF = Safety Analysis Set Total (n=206) XPro 1595 (n=139) Placebo (n=67) ARIA Treatment emergent, SAF 0 0 0 ARIA - E 0 0 0 ARIA - H Total (n=206) XPro 1595 (n=139) Placebo (n=67) ARIA risk factors at baseline, SAF 70 (34.0%) 46 (33.1%) 24 (35.8%) Cerebral microbleeds (<15) 56 (27.2%) 37 (26.6%) 19 (28.4%) Antithrombotics (e.g., apixaban, clopidogrel, dabigatran, edoxaban , enoxaparin, nadroparin, ticagrelor, warfarin) 117 (56.8%) 80 (57.5%) 37 (55%) APOE4 heterozygotes 26 (12.6%) 18 (12.9%) 8 (11.9%) APOE4 homozygotes

![](ex99-2_017.jpg)

17 XPro1595 has a Favorable Safety Profile Safety: Treatment Emergent Adverse Events (TEAEs): Safety Analyses Set Total (n=206) XPro1595 (n=139) Placebo (n=67) Event, n (%) 190 (92.2%) 131 (94.2%) 59 (88.1%) Any TEAE 107 (51.9%) 78 (37.9%) 5 (2.4%) 73 (52.5%) 56 (40.3%) 2 (1.4%) 34 (50.7%) 22 (32.8%) 3 (4.5%) Any TEAE by Maximum Severity Mild Moderate Severe 13 (6.3%) 8 (5.8%) 5 (7.5%) Any Serious TEAE 2 (1.0%) 2 (1.4%) 0 Any Treatment - Related Serious TEAE 14 (6.8%) 12 (8.6%) 2 (3.0%) Any TEAE Leading to Treatment Discontinuation 14 (6.8%) 12 (8.6%) 2 (3.0%) Any TEAE Leading to Study Withdrawal 0 0 0 Any TEAE with Fatal Outcome Total (n=206) XPro1595 (n=139) Placebo (n=67) System Organ Class & Preferred Term General disorders; administration site conditions 75 (36.4%) 73 (52.5%) 2 (3.0%) Injection site reaction 49 (23.8%) 49 (35.3%) 0 Injection site erythema 26 (12.6%) 17 (12.2%) 9 (13.4%) Fatigue 14 (6.8%) 14 (10.1%) 0 Injection site hypersensitivity 12 (5.8%) 12 (8.6%) 0 Injection site pruritus Infections and infestations 20 (9.7%) 9 (6.5%) 11 (16.4%) Upper respiratory tract infection Musculoskeletal and connective tissue disorders 20 (9.7%) 16 (11.5%) 4 (6.0%) Arthralgia Nervous system disorders 21 (10.2%) 14 (10.1%) 7 (10.4%) Headache TEAEs present in > 10% Summary of TEAEs

![](ex99-2_018.jpg)

18 Summary and Conclusions mITT population □ The primary end point was not met in the mITT population. □ The mITT study population (n=200) did not decline in the 6 - month period. □ Decline was observed in the originally intended population (the enriched population) having amyloid and 2 or more biomarkers of inflammation. Enriched population □ XPro1595 showed a beneficial signal , consistent across multiple measures, in the intended study population (n=100). o Cognition (EMACC) o Memory (ISRL) o Neuropsychiatric (NPI) o Biomarkers (pTau217, GFAP) □ XPro1595 did not show benefit on traditional functional measures (CDR, E - Cog). □ The Goal Attainment Scale (GAS), individualized goals around cognition and function, shows a benefit in the XPro1595 treated group. Safety □ XPro is safe. □ There were no cases of ARIA and no deaths. □ The most common TEAE was Injection Site Reaction (ISR), most were mild/moderate and resolved without sequelae. □ SAEs were rare and not clearly related to study drug. Next steps: validate the enriched population in a fully powered trial.

![](ex99-2_019.jpg)

19 XPro Anticipated Next Steps and Timeline July Sept Oct Nov Dec 2025 Aug Topline Data (AD02) June AAIC presentation (July 27 - 31) Phase 2 manuscript submission End of Phase 2 meeting with FDA, EMA, MHRA File breakthrough Designation

![](ex99-2_020.jpg)

20 for RDEB CORDStrom

![](ex99-2_021.jpg)

21 RDEB – An Ultra - Rare Genetic Disease with Significant Unmet Need \*Recessive Dystrophic Epidermolysis Bullosa (RDEB) • RDEB is a severe form of epidermolysis bullosa (EB), a rare disease that causes severe skin fragility, itch and chronic pain • RDEB is caused by mutations in the COL7A1 gene that makes type VII collagen, a protein that holds the layers of skin together • Children with RDEB have skin that is damaged by even the smallest amount of friction which causes severe blistering, deep wounds, and scars • There are limited options available for treatment, none that adequately meet the needs of patients, and the condition gets worse over time, with most children reliant on a wheelchair as they move into their teenage years • Many of those with RDEB will also go on to develop aggressive life - threatening skin cancer in adulthood caused by the accumulated damage to their skin • Krystal Biotech's VYJUVEK launch in DEB is off to an impressive start (~$84M net revenue in Q3 '24); CORDStrom is potentially the first systemic therapy, with itch benefit as a key differentiating factor, potential for use as an adjunctive therapy • It is estimated that more than 4000 people suffer from RDEB in the US, UK and EU, representing a > $1B peak sales opportunity

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22 CORDStrom Platform Overview Investigational disease - modifying treatment for recessive dystrophic epidermolysis bullosa (RDEB) CORDStrom Overview • CORDStrom is an innovative cellular medicine, comprising allogeneic, pooled human umbilical cord - derived mesenchymal stromal cells (hucMSCs) formulated for injection or infusion. • CORDStrom addresses challenges related to the source, identity, heterogeneity, and manufacturing costs of MSCs, positioning them as a viable drug platform. • The FDA has awarded CORDStrom both the Rare Pediatric Disease and Orphan Drug Designation, qualifying it for a Priority Review Voucher post - FDA approval. FDA = Food and Drug Administration; GOSH = Great Ormond Street Hospital; NIHR = National Institute for Health and Care Resear ch; ODD = Orphan Drug Designation; PRV = Priority Review Voucher; RPDD = Rare Pediatric Disease Designation Mission EB Phase 2 Trial • Phase 2 Trial completed by investigators at Great Ormond Street Hospital for Children & Birmingham Children's Hospital in the UK and primarily funded by grant from NIHR (National Institute of Health and Care Research). • Double - blind, randomized, placebo - controlled, cross - over Phase 2 trial to evaluate the safety and efficacy of CORDStrom in 30 pediatric patients in the UK with intermediate and severe RDEB . • Patients received two intravenous infusions of placebo or CORDStrom two weeks apart and then followed for nine months; each child then crossed over to the other arm and received two doses of the alternate arm two weeks apart with a further nine - month follow - up • Topline results showed CORDStrom was easily administered, well tolerated and there were beneficial effects with respect to Itch Man Scale, iscorEB clinician score and skin score and QOL • Safety profile - no CORDStrom - related serious adverse events were reported

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Photography QoL iscorEB EBDASI Research bloods Photography QoL iscorEB EBDASI Photography Research bloods Photography QoL iscorEB EBDASI Safety bloods Photography Research bloods Photography QoL iscorEB EBDASI Photography QoL iscorEB EBDASI EBDASI Safety bloods Photography QoL iscorEB EBDASI Research bloods Safety bloods 30 pediatric patients (age≤ 16 years) with RDEB confirmed by C 7 testing were treated in a blinded, randomized placebo controlled cross - over design clinical trial at two university centers in the UK under MHRA authorization . All patients received all four doses of therapy (two each of CORDStrom or placebo) and completed the trial . Safety and efficacy data was collected . No drug related SAEs were reported . Disease related SAE and AE were equally balanced between treatment groups . Patient and caregiver interviews were performed in a subset of trial participants . Mission EB Trial Design: Double - Blind Randomized Crossover Trial in Children with RDEB 23 CORD - Strom CORD - Strom CORD - Strom CORD - Strom Itch assessment at every visit – Itch Man Scale

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Itch: Clinically Meaningful Endpoint • 100% of kids have itch as an important clinical problem • FDA guidance highlights itch as a clinically important end - point\* for RDEB • Itch Man Scale is a validated scales used in pediatric patients • Itch is as an endpoint used to approve drugs (eg : atopic dermatitis) • Itch has negative impact on QOL • Itch - scratch cycle may worsen wounds and complicate wound management 24 https://www.fda.gov/regulatory - information/search - fda - guidance - documents/epidermolysis - bullosa - developing - drugs - treatment - cutaneous - manifestations - guidance - industry \* Itch Man Scale

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Itch improved at 3 months and remained stable at 6 months. 25 Itch: Clinically Meaningful Endpoint -50 -40 -30 -20 -10 0 10 20 30 40 50 <10yrs >10yrs Intermediate Severe ITCH Man results 6 months P a t i e n t g r o u p Favours CORDStrom Favours Placebo Insufficent data Score change (%) from pre-treatment -60-50-40-30 -20-10 0 10 20 30 40 50 60 <10yrs >10yrs Intermediate Severe ITCH Man results 3 months P a t i e n t g r o u p Favours CORDStrom Favours Placebo Insufficent data Score change (%) from pre-treatment

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CORDStrom for RDEB: Clinical and Qualitative Summary Clinical Benefits • Improvement in itch in all patient groups – the most common and complained of symptom in RDEB • In some patient groups • Less pain • Better iSCOREB wound score • Durable benefit of CORDStrom therapy for 6 months Qualitative Benefits • 10 of 13 respondents confirm benefit of therapy on clinical problems of itch, wound care and quality of life • All patient/caregivers want to remain on therapy • Favoravble safety profile and a formulation which fits conventional drug delivery makes treatment easy 26 NEXT STEPS: Compile and file BLA in US & MAA in UK/EU in 1H 2026 Goals of future open label trial post BLA: i) correlate decrease in itch with improved wound healing; ii) demonstrate systemic benefits on extra - cutaneous manifestations of disease (e.g.: dysphagia, corneal blisters and scaring)

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27 Off - the - Shelf NK Therapic Candidate Converts Patient's Resting NK cells into Cancer Killing Memory like NK cells

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28 Step 1: Short term safety Immunologic efficacy Middle - dose 1 1 1 6 patients High - dose 1 1 1 6 patients Step 2: Long term safety Immunologic efficacy Anti - tumor effects 6 patients Confirmatory group: SRC choses Middle or High dose for confirmatory data Low - dose 1 1 1 Trial will determine: • Effective dose: safe with evidence of tumor effects • Short and long - term safety – no drug related serious adverse effects • Immunologic efficacy – converts patient's NK cells to mlNK cells that kill tumor cells (ex vivo assay) with long - term persistence of mlNK cells in patient's circulation • Anti - tumor effects – evidence of control of tumor burden by PSMA - PET and/or ctDNA Now enrolling INKmune® mCRPC Phase I/II Trial Design • SAFETY END - POINT MET • Evidence of in - vivo NK cell activation • Evidence of regression of some tumor lesions by PSMA - PET

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29 XPro CORDStrom INKmune Anticipated Milestones in 2025 and 2026 Q3 Q1 Q2 Q3 Q4 2025 2026 BLA/MAA Submission Open Label Phase 2 mCRPC Data (Ongoing) Q4 End of Phase 2 FDA Meeting AD Complete Phase 2 mCRPC Enrollment

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30 Contact Us: INmune Bio Inc. 225 NE Mizner Blvd.Suite 640 Boca Raton, FL 33432 (561) 710 - 0512 info@inmunebio.com INMB (Nasdaq)