Scancell: COVID 2nd generation vaccine opportunity is all upside
Scancell is initiating a collaborative research project that aims to use its oncology vaccine expertise to develop a second generation COVID-19 vaccine. Its DNA vaccine technologies target dendritic cells and have proven ability to stimulate high avidity and potent T cell responses. The objective is to produce a simple, safe, cost-effective, and scalable vaccine to induce both durable T cell responses and virus neutralising antibodies to SARS-CoV-2 infection. Subject to funding, including non-dilutive grants from governments, a candidate vaccine could enter Phase I trials in Q121. Scancell's primary focus remains on developing its innovative immuno-therapies for cancer, as detailed in our May 2020 Outlook. The early nature of the COVID-19 project means that we currently do not include it in our £72.4m (15.6p/share) Scancell valuation.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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