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Imugene director shows faith in company strategy with on-market share purchase

The company's lead product is HER-Vaxx, a therapeutic cancer vaccine for the treatment of gastric cancer and breast cancer.

Imugene Ltd - Imugene director supports company strategy with on-market share purchase
Walker now holds 28,187,210 shares in the company

Imugene Limited (ASX:IMU) director Charles Walker has shown his support for the company's medical technology strategy by purchasing shares on-market.

Walker purchased 354,340 shares in the company for an indirect interest on March 6 with a total value of more than £4,516.

He now holds 28,187,210 shares with 25 million of these in a direct interest and the remainder in an indirect interest.

Immuno-oncology treatments

Imugene is focused on developing immuno-oncology treatments CF33 and PD1-Vaxx in first-in-human studies as well as continued enrolment of its HER-Vaxx phase-2 study.

CF33 has been shown to efficiently shrink injected tumours and distant non-injected tumours in human triple-negative breast cancer, colon cancer, ovarian cancer xenograft models in mice without adverse effects.

The company’s PD1-Vaxx is a B-cell immunotherapy, peptide cancer vaccine designed to treat tumours such as lung cancer and will be trialled on patients in 2020.

HER-Vaxx is a therapeutic cancer vaccine for the treatment of gastric cancer and breast cancer with Phase 2 studies underway.

Quick facts: Imugene Ltd

Price: 0.035 AUD

ASX:IMU
Market: ASX
Market Cap: $154.91 m
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