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Imugene granted HER-Vaxx immunotherapy patent in the US; shares rise 12%

The patent provides method of composition and method of use protection to 2036.

Imugene Ltd - Imugene granted HER-Vaxx immunotherapy patent in the US; shares rise 12%
Imugene shares are trading about 12% higher intra-day, at 3.8 cents

Imugene Limited (ASX:IMU) has received a Notice of Grant from the US Patent and Trademark Office for its patent application for the HER-Vaxx cancer immunotherapy, currently in Phase II development for HER-2+ gastric cancer.

The patent titled ‘A vaccine composition and uses thereof’ protects the method of composition and method of use of Imugene’s HER-Vaxx for the generation of a therapeutic antibody response against HER-2/neu.

HER-Vaxx is a proprietary therapeutic cancer immunotherapy that stimulates a polyclonal antibody response to HER-2/neu, the same biomarker targeted by the $US7 billion per annum drug Herceptin.

HER-Vaxx has successfully completed a Phase Ib study in gastric cancer and the current stage of development is a Phase II study in gastric cancer.

Imugene managing director and CEO Leslie Chong said: “Attaining the key US patent is an important milestone.

“This adds extra value to HER-Vaxx as this will protect it in the world’s largest pharmaceutical market until 2036.”

Quick facts: Imugene Ltd

Price: 0.053 AUD

Market: ASX
Market Cap: $231.07 m

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