Imugene Limited (ASX: IMU)

 
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There is expected to be a great deal of news flow from Imugene (ASX: IMU) as it looks to quickly attract the attention of a big pharma partner looking to bring effective cancer treatments to market.

The $33 million-capped IMU is currently developing immuno-oncology therapies and is moving ahead at a significant pace, having recently received notice that the Canadian Patent Office had issued a Grant Notice for this next generation cancer therapy that will protect specific cancer vaccination formulations for commercial interest.

IMU’s frontrunner drug candidate HER-Vaxx, is already in Phase 1b and Phase 2 trials and is interestingly further advanced than Regeneron’s cancer therapies before Regeneron was  acquired for $1.6 billion by Roche.

IMU is looking to attract big pharma’s attention by 2020.

HER-Vaxx targets the same receptor as the two leading antibody drugs on the market, Herceptin and Perjeta, with annual sales of US$8.2 billion in a markety predicted to generate sales of US$36 billion by 2025.

IMU is looking to commercialise a treatment that has improved efficacy over existing treatments and is more cost efficient, which would give it a strong position in this market.

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HER-Vaxx isn’t IMU’s only play here. It is also working with Arginine, a critical amino acid for the health of cancer fighting T-cells.

Again, IMU will be looking to replicate recent deals done in the space including a deal struck recently between $25 billion-capped Incyte and Calithera Biosciences in which $53 million was paid up front by Incyte.

As IMU is working off the same premise, could we see this $37.8 million capped company climb higher?

 

Latest Article

Imugene cancer drug trials

IMU Picks up the Pace in Cancer Drug Treatment Development

Aug 9, 2017

It is difficult to understate the possible impact of the immuno-oncology therapies that the $33 million-capped Imugene (ASX: IMU) is currently developing. These therapies, if proven safe and successful, could have an undeniable real world positive effect for cancer patients.

Read Article

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