BiondVax Congratulates Dirk Görlich on $1.4 million WLA Prize in Life Sciences

Rhea-AI Summary

BiondVax Pharmaceuticals Ltd. (Nasdaq: BVXV) celebrates a significant achievement as Professor Dr. Dirk Görlich, a co-lead collaborator, wins the inaugural $1.4 million World Laureates Association Prize in Life Sciences for his work on protein transport. This accolade recognizes the collaboration with BiondVax in developing nanosized antibodies (NanoAbs) aimed at treating various diseases, including COVID-19. A preclinical study evaluating an inhaled NanoAb for COVID-19 therapy is currently underway, with results expected by year-end.

Positive

• Collaboration with notable scientists enhances credibility.
• Potential for novel NanoAb therapies targeting underserved conditions.
• First preclinical study of inhaled NanoAb for COVID-19 therapy underway.

Negative

• None.

JERUSALEM, Nov. 15, 2022 (GLOBE NEWSWIRE) -- via InvestorWire -- BiondVax Pharmaceuticals Ltd. (Nasdaq: BVXV) (“BiondVax”), a biotechnology company focused on developing, manufacturing, and commercializing innovative immunotherapeutic products primarily for the treatment of infectious diseases and autoimmune diseases, congratulates the company’s co-lead scientific research collaborator Professor Dr. Dirk Görlich, director at the Max Planck Institute for Multidisciplinary Sciences (MPI), on being awarded the inaugural $1.4 million World Laureates Association (WLA) Prize in Life Sciences or Medicine for his seminal work describing protein transport within the cell.

In close collaboration with BiondVax, the teams led by Görlich and Prof. Dr. Matthias Dobbelstein of the University Medical Center Göttingen (UMG), lead discovery of nanosized antibodies (NanoAbs) with the potential to serve as therapeutics for treating diseases, such as Covid-19, psoriasis, psoriatic arthritis, asthma and wet macular degeneration. The first preclinical proof-of-concept study of an innovative and game changing inhaled NanoAb as a COVID-19 therapy is currently underway, with results expected by the end of this year.

According to MPI, Görlich has received several other scientific awards including the Heinz-Maier-Leibnitz Prize, the EMBO Gold Medal, the Alfried-Krupp-Förderpreis, and the Animal Protection Research Prize of the German Federal Ministry of Food and Agriculture.

“On behalf of BiondVax’s team,” said Amir Reichman, BiondVax’s CEO, “I wish to offer my sincere congratulations to Dirk on being awarded the inaugural WLA Prize in Life Sciences. The award signals recognition and appreciation of his important research achievements and deep scientific acumen. His expertise extends to the unique and innovative NanoAb candidates being developed under our collaboration. We look forward to forging ahead together with Dirk, Matthias, and their teams as we strive to bring a pipeline of NanoAb therapies that exhibit significant competitive advantages for conditions underserved by currently approved therapeutics.”

Further reading:

• MPI press release: https://www.mpinat.mpg.de/4248913/pr_2231
• WLA Prize website: http://www.wlaprize.org/  
• NanoAbs: https://www.biondvax.com/nanoabs

About BiondVax
BiondVax Pharmaceuticals Ltd. (Nasdaq: BVXV) is a biopharmaceutical company focused on developing, manufacturing, and commercializing innovative immunotherapeutic products primarily for the treatment of infectious and autoimmune diseases. Since its inception, BiondVax has executed eight clinical trials including a seven country, 12,400 participant Phase 3 trial of its prior vaccine candidate and has built a state-of-the-art manufacturing facility for biopharmaceutical products. With highly experienced pharmaceutical industry leadership, BiondVax is aiming to develop a pipeline of diversified and commercially viable products and platforms beginning with an innovative nanosized antibody (NanoAb) pipeline. www.biondvax.com.

Contact Details
Joshua Phillipson | +972 8 930 2529 | j.phillipson@biondvax.com

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Litigation Reform Act of 1995. Words such as “expect,” “believe,” “intend,” “plan,” “continue,” “may,” “will,” “anticipate,” and similar expressions are intended to identify forward-looking statements. All statements, other than statements of historical facts, included in this communication regarding strategy, future operations, future financings, future financial position, future revenue, projected expenses, prospects, plans and objectives of management are forward-looking statements. Examples of such statements include, but are not limited to, the therapeutic and commercial potential of nanosized antibodies (NanoAbs); the timing of results of the first preclinical proof-of-concept study of NanoAb as a COVID-19 therapy; and the timing of NanoAb proof-of-concept studies and clinical trials. These forward-looking statements reflect management’s current views with respect to certain current and future events and are subject to various risks, uncertainties and assumptions that could cause the results to differ materially from those expected by the management of BiondVax Pharmaceuticals Ltd. Risks and uncertainties include, but are not limited to, the risk that a delay in the timing of results of the first preclinical proof-of-concept study of NanoAb as a COVID-19 therapy; the company may not raise capital on acceptable terms or at all, the risk that the company will not submit a compliance plan acceptable to Nasdaq, the risk that the therapeutic and commercial potential of NanoAbs will not be met; the risk of a delay in the preclinical and clinical data for NanoAbs, if any; the risk that clinical trials relating to NanoAbs will fail in whole or in part; the risk that BiondVax may not be able to secure additional capital on attractive terms, if at all; risks relating to the COVID-19 (coronavirus) pandemic; BiondVax’s ability to acquire rights to additional product opportunities; BiondVax’s ability to enter into collaborations on terms acceptable to BiondVax or at all; timing of receipt of regulatory approval of BiondVax’s manufacturing facility in Jerusalem, if at all or when required; the risk that the manufacturing facility will not be able to be used for a wide variety of applications and other vaccine and treatment technologies, and the risk that drug development involves a lengthy and expensive process with uncertain outcomes. More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” in the Company's Annual Report on Form 20-F filed with the Securities and Exchange Commission on March 28, 2022. BiondVax undertakes no obligation to revise or update any forward-looking statement for any reason.

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FAQ

What is the significance of Professor Dr. Dirk Görlich's award for BiondVax?

Professor Dr. Dirk Görlich receiving the $1.4 million WLA Prize highlights BiondVax’s collaboration in innovative research and enhances its reputation in the biotech field.

What does the award signify for BiondVax Pharmaceuticals Ltd.?

The award signifies recognition of important research achievements and positions BiondVax as a leader in developing therapeutic options through innovative collaborations.

What diseases are the NanoAbs being developed by BiondVax targeted towards?

The NanoAbs aim to treat infectious diseases like COVID-19, as well as autoimmune diseases including psoriasis and asthma.

When are the results of the preclinical study for COVID-19 expected?

Results from the preclinical proof-of-concept study of the inhaled NanoAb for COVID-19 therapy are expected by the end of this year.

What financial aspect is tied to Dr. Görlich's award?

The award includes a $1.4 million prize, which may enhance funding opportunities for ongoing research initiatives at BiondVax.