Source: Immunovaccine Inc.
Immunovaccine Inc. (“Immunovaccine” or the “Company”) (TSX: IMV) is pleased to provide an update on recent clinical and preclinical research, corporate activities and the voting results of the annual and special meeting of shareholders of the Company.
Fred Ors joins Immunovaccine as Chief Business Officer
Frederic Ors joins Immunovaccine's senior management team in the
newly created position of Chief Business Officer. Mr. Ors, 41, spent 13
years at Medicago Inc. in Quebec, most recently as Vice President of
Business Development and Strategic Planning. He has been an integral
part of Medicago’s success in securing multiple non-dilutive funding
opportunities, leading to an acquisition by Mitsubishi Pharma in 2013
for $357M. Before joining Medicago he was manager of intellectual
property and licensing for Paris Diderot University, a complex of 150
labs, two hospitals and 2,300 scientists in Paris. He earned his
bachelor’s degree in biology and his master's in management of
innovation projects in biotechnology at the University of Angers.
“I'm excited to join Immunovaccine in its current stage of
development and help it grow by seizing the many opportunities ahead for
commercial development of a revolutionary technology," said Mr. Ors.
Clinical Research Update
Immunovaccine continues to have an active clinical pipeline based
on the DepoVaxTM platform, in both cancer and infectious diseases. This
progress is highlighted by DPX-Survivac, our lead cancer immunotherapy
candidate, in which a Phase 2 clinical trial in lymphoma has recently
been initiated. In addition, a Phase 2 study in ovarian cancer is also
planned. These clinical trials follow positive safety and immunogenicity
results from a Phase 1/1B study in ovarian cancer. The U.S. Food and
Drug Administration (FDA) has granted DPX-Survivac a Fast Track
designation as maintenance therapy in subjects with advanced ovarian,
fallopian tube and peritoneal cancer who have no measurable disease
following surgery and front-line chemotherapy. A Phase 1/2 with
DPX-0907 in breast and ovarian cancer patients that was planned with
Busto Arsizio Hospital in Italy will no longer proceed due to unforeseen
extended delays at the clinical site. The Company will provide further
updates on DPX-0907 in due course. DepoVax™ was selected as the
underlying vaccine technology supporting a Phase 1B study in HPV-related
cancers, funded through the Stand Up to Cancer (SU2C) and Farrah
Fawcett Foundation (FFF). In addition, the Company plans to initiate its
first Phase 1 clinical trial in infectious disease in 2015, a
respiratory syncytial virus (RSV) vaccine being developed to protect the
elderly population from infection.
Preclinical Research Update
The Company conducts innovative preclinical research to support its
clinical pipeline. Through a long standing collaboration with the
National Institutes of Health (NIH) the Company has conducted multiple
animal studies supporting the development of both a novel vaccine for
anthrax and Ebola virus disease. Due to a highly competitive landscape
for Ebola vaccines and the early-stage nature of our Ebola vaccine
development program, combined with a rapidly dwindling number of
clinical cases in which to test innovative novel vaccine candidates,
Immunovaccine determined it will no longer pursue the development of an
Ebola virus vaccine for the time being. Immunovaccine continues to
collaborate with the NIH to further advance a DepoVax™-based single dose
rapid response anthrax vaccine.
Voting Results of Annual and Special Meeting of Shareholders of the Company
Immunovaccine also announces the voting results of the annual and
special meeting (the “Meeting”) of shareholders of the Company (the
“Shareholders”) held today in Halifax, Nova Scotia.
The Company is pleased to announce that all of the nominees listed
in the management information circular dated March 20, 2015 (the
“Circular”) were elected as directors until the next annual meeting of
Shareholders or until such person’s successor is elected or appointed.
Each of the directors was elected by a majority of the votes cast by
Shareholders present at the Meeting on a show of hands. The votes
represented by proxy in respect of the election of each director are as
follows:
The Shareholders also approved the re-appointment of PricewaterhouseCoopers LLP as auditor of the Company.
In addition, all other resolutions placed before the Meeting,
including (i) a resolution approving amendments to the stock option plan
of the Company and (ii) a resolution ratifying a new by-law of the
Company relating to the advance notice of director nominations were
approved by the Shareholders.
Please refer to the Circular available on SEDAR at www.sedar.com
for more information on the business transacted at the Meeting. A report
on voting results will also be filed on SEDAR.
About Immunovaccine
Immunovaccine Inc. develops cancer immunotherapies and infectious
disease vaccines based on the Company’s DepoVax platform, a patented
formulation that provides controlled and prolonged exposure of antigens
and adjuvant to the immune system. Immunovaccine has advanced two T cell
activation therapies for cancer through Phase 1 human clinical trials
and is currently conducting a Phase 2 study with its lead cancer vaccine
therapy, DPX-Survivac, in recurrent lymphoma. DPX-Survivac is expected
to enter additional Phase 2 clinical studies in ovarian cancer and
glioblastoma (brain cancer). The Company is also advancing an
infectious disease pipeline including innovative vaccines for
respiratory syncytial virus (RSV), and anthrax.
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