Anixa Biosciences Announces European Patent on Ovarian Cancer Vaccine Technology

Rhea-AI Summary

Anixa Biosciences (ANIX) announced that its partner, Cleveland Clinic, has received an 'Intention to Grant' notice from the European Patent Office for the patent application titled 'Ovarian Cancer Vaccines.' The patent targets the extracellular domain of anti-Müllerian hormone receptor 2 (AMHR2-ED) and is a significant development in the treatment and prevention of ovarian cancer.

Positive

• Anixa has received an 'Intention to Grant' notice from the European Patent Office, expanding the protection of its ovarian cancer vaccine technology to additional potential markets.
• The technology was exclusively licensed from Cleveland Clinic and is being developed in partnership with the National Cancer Institute, showing strong collaboration and potential for further development.

Negative

• None.

SAN JOSE, Calif., Nov. 27, 2023 /PRNewswire/ -- Anixa Biosciences, Inc. ("Anixa" or the "Company") (NASDAQ: ANIX), a biotechnology company focused on the treatment and prevention of cancer, today announced that its partner, Cleveland Clinic, has received an "Intention to Grant" notice from the European Patent Office ("EPO") for the patent application titled "Ovarian Cancer Vaccines."

Dr. Amit Kumar, Chairman and CEO of Anixa, stated, "Having recently been granted a U.S. patent for this novel ovarian cancer vaccine technology, we are delighted to receive the EPO's intention-to-grant notice, as a European patent would extend protection of the technology to additional potential markets."

The patent was invented by the late Dr. Vincent Tuohy, Dr. Suparna Mazumder, and Dr. Justin Johnson of Cleveland Clinic. Anixa exclusively licensed the technology from Cleveland Clinic and is developing the technology in partnership with the not-for-profit, multispecialty academic medical center. The National Cancer Institute is collaborating on development through its PREVENT program.

Anixa's ovarian cancer vaccine targets the extracellular domain of anti-Müllerian hormone receptor 2 (AMHR2-ED), which is expressed in the ovaries but disappears as a woman reaches and advances through menopause. However, AMHR2-ED is expressed again in the majority of ovarian cancers.

About Anixa Biosciences, Inc.
Anixa is a clinical-stage biotechnology company focused on the treatment and prevention of cancer. Anixa's therapeutic portfolio consists of an ovarian cancer immunotherapy program being developed in collaboration with Moffitt Cancer Center, which uses a novel type of CAR-T, known as chimeric endocrine receptor T-cell (CER-T) technology. The Company's vaccine portfolio includes a novel vaccine being developed in collaboration with Cleveland Clinic to prevent breast cancer – specifically triple negative breast cancer (TNBC), the most lethal form of the disease – as well as a vaccine to prevent ovarian cancer. These vaccine technologies focus on immunizing against "retired" proteins that have been found to be expressed in certain forms of cancer. Anixa's unique business model of partnering with world-renowned research institutions on clinical development allows the Company to continually examine emerging technologies in complementary fields for further development and commercialization. To learn more, visit www.anixa.com or follow Anixa on Twitter, LinkedIn, Facebook and YouTube.

Forward-Looking Statements
Statements that are not historical fact may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical facts, but rather reflect Anixa's current expectations concerning future events and results. We generally use the words "believes," "expects," "intends," "plans," "anticipates," "likely," "will" and similar expressions to identify forward-looking statements. Such forward-looking statements, including those concerning our expectations, involve risks, uncertainties and other factors, some of which are beyond our control, which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. These risks, uncertainties and factors include, but are not limited to, those factors set forth in "Item 1A - Risk Factors" and other sections of our most recent Annual Report on Form 10-K as well as in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. You are cautioned not to unduly rely on such forward-looking statements when evaluating the information presented in this press release.

Contacts:
Stephen Kilmer
Investor Relations
skilmer@anixa.com
646-274-3580

Mike Catelani
President, COO & CFO
mcatelani@anixa.com
408-708-9808

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SOURCE Anixa Biosciences, Inc.

FAQ

What is the significance of the recent announcement by Anixa Biosciences (ANIX)?

The announcement signifies a major milestone for Anixa Biosciences and its partner, Cleveland Clinic, as they have received an 'Intention to Grant' notice from the European Patent Office for the patent application titled 'Ovarian Cancer Vaccines.' This expands the protection of their technology to potential markets.

Who invented the patent for the ovarian cancer vaccine technology?

The patent was invented by the late Dr. Vincent Tuohy, Dr. Suparna Mazumder, and Dr. Justin Johnson of Cleveland Clinic. Anixa exclusively licensed the technology from Cleveland Clinic and is developing it in partnership with the National Cancer Institute.

What does the ovarian cancer vaccine target?

The ovarian cancer vaccine targets the extracellular domain of anti-Müllerian hormone receptor 2 (AMHR2-ED), which is expressed in the ovaries and reappears in the majority of ovarian cancers.

What collaboration is involved in the development of the ovarian cancer vaccine technology?

The technology is being developed in partnership with the National Cancer Institute through its PREVENT program, showcasing strong collaboration and potential for further development.

What is the role of Anixa Biosciences in the development of the ovarian cancer vaccine technology?

Anixa Biosciences exclusively licensed the technology from Cleveland Clinic and is playing a key role in developing the ovarian cancer vaccine technology, showing a strong commitment to advancing cancer treatment and prevention.