Anixa Biosciences Announces Support from the National Cancer Institute for Ovarian Cancer Vaccine Developed by Cleveland Clinic

Rhea-AI Summary

On May 26, 2021, Anixa Biosciences (NASDAQ: ANIX) announced its ovarian cancer vaccine technology is receiving support from the National Cancer Institute (NCI). This collaboration is facilitated through the NCI-PREVENT program, which aims to develop cancer prevention interventions. Key milestones include immunogenicity testing, vaccine production development, and regulatory meetings. The vaccine technology focuses on immunizing against proteins linked to ovarian cancer, with the goal of significantly reducing its global impact. Anixa's partnership with the Cleveland Clinic enhances their capabilities in tackling cancer.

Positive

• Awarded support from the National Cancer Institute for ovarian cancer vaccine technology.
• Collaboration with Cleveland Clinic enhances research and development resources.
• Potential to significantly impact ovarian cancer treatment and prevention.

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• None.

SAN JOSE, Calif., May 26, 2021 /PRNewswire/ -- Anixa Biosciences, Inc. (NASDAQ: ANIX), a biotechnology company focused on the treatment and prevention of cancer and infectious diseases, announced today that its ovarian cancer vaccine technology is part of an award from the National Cancer Institute (NCI). Anixa Biosciences holds an exclusive worldwide license from Cleveland Clinic for this vaccine technology.

The award from the NCI, part of the National Institutes of Health, was made to Cleveland Clinic through the NCI-PREVENT program. 

The PREVENT program is a peer-reviewed agent development program designed to support preclinical development of innovative interventions and biomarkers for cancer prevention and interception towards clinical trials. The scientific and financial resources of the PREVENT program will be allocated to four general milestones as follows:

• Milestone 1:  Immunogenicity and efficacy testing of the vaccine in mouse model
• Milestone 2:  Development of the expression vector for optimal vaccine production
• Milestone 3:  cGMP (current Good Manufacturing Practice) manufacturing of vaccine and pre-IND (Investigational New Drug) meeting with the US Food and Drug Administration
• Milestone 4:  IND enabling cGLP (current Good Laboratory Practice) studies and IND filing

All of this work will be performed at NCI facilities, by NCI scientific staff with NCI financial resources. Milestone 1 will begin shortly after execution of contracts and design of experiments.  Milestones 2-4 will be performed successively as progress is achieved. 

The technology subject to the application titled, Immunoprevention of Human Epithelial Ovarian Carcinoma (EOC), was invented by a research team led by Dr. Vincent Tuohy of Cleveland Clinic's Lerner Research Institute. Dr. Tuohy stated, "This peer-reviewed collaboration will provide us the vast laboratory and financial resources of the NCI to aid in the development of our vaccine.  Our vision with this technology is to eliminate ovarian cancer worldwide, especially since women who suffer from ovarian cancer tend to have poor outcomes."

Dr. Amit Kumar, President and CEO of Anixa Biosciences, stated, "This technology along with Dr. Tuohy's breast cancer vaccine have the potential to eliminate two of the most common malignancies in women. We continue to be pleased to be collaborating on these programs."

About Anixa Biosciences, Inc.
Anixa is a publicly-traded biotechnology company developing a number of programs addressing cancer and infectious disease. Anixa's therapeutics portfolio includes a cancer immunotherapy program which uses a novel type of CAR-T, known as chimeric endocrine receptor T-cell (CER-T) technology, and a Covid-19 therapeutics program focused on inhibiting certain viral protein function. The company's vaccine portfolio includes a vaccine to prevent breast cancer, and specifically triple negative breast cancer (TNBC), the most deadly form of the disease, and a vaccine to prevent ovarian cancer. These vaccine technologies focus on immunizing against specific proteins that have been found to be expressed in certain forms of cancer. Anixa continually examines emerging technologies in complementary fields for further development and commercialization. Additional information is available at www.anixa.com.

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.

Contact:
Mike Catelani
mcatelani@anixa.com
408-708-9808

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SOURCE Anixa Biosciences, Inc.

FAQ

What is the purpose of Anixa Biosciences' ovarian cancer vaccine technology?

The ovarian cancer vaccine technology aims to prevent and treat ovarian cancer by immunizing against specific cancer-related proteins.

What support did Anixa Biosciences receive from the National Cancer Institute?

Anixa Biosciences received support through the NCI-PREVENT program, which includes funding and resources for the development of their ovarian cancer vaccine.

What are the key milestones for the ovarian cancer vaccine development?

Key milestones include immunogenicity testing, development of the expression vector, cGMP manufacturing, and IND filing.

When did Anixa Biosciences announce the NCI support for their vaccine?

Anixa Biosciences announced the support on May 26, 2021.

What is the stock symbol for Anixa Biosciences?

The stock symbol for Anixa Biosciences is ANIX.