12 Best Penny Stocks Under $1 to Buy Now

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5. Immunic Inc. (NASDAQ:IMUX)

Share Price as of July 22: $0.95

Number of Hedge Fund Holders: 13

Immunic Inc. (NASDAQ:IMUX) is one of the best penny stocks under $1 to buy now. On June 24, Immunic reported positive long-term open-label extension/OLE data from its Phase 2 EMPhASIS trial. The trial evaluated vidofludimus calcium (IMU-838), which is an orally available nuclear receptor-related 1 (Nurr1) activator, in patients with relapsing-remitting multiple sclerosis/RRMS.

The cumulative data from the EMPhASIS OLE period, which shows ~952 treatment years, further support the favorable safety and tolerability profile of vidofludimus calcium, showing low discontinuation rates and minimal treatment-emergent and serious adverse events. Importantly, no new safety signals have emerged during treatment durations extending up to 5.5 years. The Phase 2 EMPhASIS trial was an international, multicenter, double-blind, placebo-controlled, randomized, parallel-group study that initially randomized 268 RRMS patients.

Vidofludimus calcium (IMU-838) is an orally administered investigational small molecule drug in late-stage clinical trials for multiple sclerosis. Its unique dual mode of action combines neuroprotective, anti-inflammatory, and anti-viral effects. It acts as a selective immune modulator by activating the neuroprotective transcription factor Nurr1, which provides direct and indirect neuroprotective benefits.

Immunic Inc. (NASDAQ:IMUX) is a biotechnology company that develops a pipeline of selective oral immunology therapies for the treatment of chronic inflammatory and autoimmune diseases in the US and Germany.

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