Report
Franc Gregori ...
  • Lala Gregorek
  • Philippa Gardner

Scancell: SCOPE’ing out iSCIB1+ in advanced melanoma

Data from SCOPE, examining Scancell’s highly promising ImmunoBody “off-the-shelf” DNA cancer vaccine, appear to show that a meaningful, additional benefit can be achieved when added to standard-of-care (SoC) CPIs as a first-line treatment in advanced melanoma. iSCIB1+ has been selected as the candidate for further development; it works in a larger, and easily identifiable, patient group that represents 80% of all advanced melanomas, double that of SCIB1. The benefits of iSCIB1+ will need to be demonstrated in a controlled trial (SCOPE was an open-label, exploratory trial), and development plans for a Phase IIb/III registrational study are being accelerated. Our valuation is increased >10% to £373m, or 36p/share following the latest SCOPE data. Further SCOPE data are expected later this year, as well as early data from the renal cell carcinoma (RCC) cohort of the ModiFY study, with upside potential from both.
Underlying
Scancell Holdings

Scancell Holdings is engaged in the discovery and development of novel vaccines for the treatment of cancer based on its proprietary immuno-oncology platforms, ImmunoBody®, and Moditope®. Co.'s ImmunoBody® consist of SCIB1 melanoma vaccine, and SCIB2 lung cancer vaccine. Co. has a collaboration partnership to evaluate the use of its SCIB2 to treat non-small cell lung cancer. Co.'s Moditope® technology is a vaccine platform that targets neo-epitopes to overcome immune suppression induced by tumour cells. Co.'s Moditope® product, Modi-1 consists of two citrullinated vimentin peptides and one citrullinated enolase peptide for the treatment of breast cancer, ovarian cancer and sarcoma.

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Trinity Delta
Trinity Delta

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Analysts
Franc Gregori

Lala Gregorek

Philippa Gardner

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