Immunicum - Ilixandencel awarded orphan drug designation
Ilixadencel, Immunicum’s cell-based cancer immunotherapy, has been granted orphan drug designation (ODD) by the FDA as a treatment for gastrointestinal stromal tumours (GIST). The treatment is currently in preparations to start a Phase II trial in GIST, which we expect to begin later this year, in combination with tyrosine kinase inhibitors (TKIs). The ODD award adds to the fast-track designation previously awarded to ilixadencel in GIST in December 2020, highlighting the unmet medical need in this indication. GIST are a rare type of gastrointestinal tumour for which TKIs are commonly prescribed. The ODD award represents further external recognition for ilixadencel and Immunicum’s underlying platform, in our view.Immunicum AB is a Sweden-based company principally engaged in the biopharmaceutical sector. The Company develops immunotherapy for therapeutic treatment of cancer and infectious diseases. The Company uses therapeutic vaccines to treat an already existing disease and is thus given to the already sick patients; therapeutic cancer vaccines administered to patients in order to delay or stop tumor cell growth, shrink tumors, prevent relapse, or to kill cancer cells that could not be eliminated with other treatments. The Company has several technology platforms, such as The Combig, Intuvax@, Subcuvax@ and The CD70, among others. The Company has several projects which are related to kidney cancer and liver cancer, among others.
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