Hershey, PA & Rockville, MD (PRWEB) July 29, 2014
July 29, 2014 - Immunomic Therapeutics, Inc. (ITI), a vaccine pioneer in the biotechnology industry, announced that it has engaged the financial services firm Newport Coast Securities, Inc. to explore financing opportunities that build shareholder value.
ITI is commercializing LAMP-vax technology, a breakthrough vaccine platform with the potential to transform the $25B+ vaccines and immunotherapy market. The company exclusively licensed the well-established LAMP platform from Johns Hopkins University in 2006. The company executed a strategy to build value and maximize return for investors, using a lean team of biotechnology professionals and scientists.
ITI has quickly emerged as a clinical stage company on the cusp of its third commercial out-license. It has done so by applying LAMP to allergy immunotherapy, a large and unmet therapeutic area with shorter timelines and more affordable clinical validation.
Since its inception, ITI has raised over $10M through the support of private investors.
"Our private investors have provided financial investments critical to our growth, and expertise in the biotech realm,” said William Hearl, ITI President and CEO. “We’re now at an inflection point and preparing for more aggressive growth. We are pleased to bring Newport Coast on board as our partner to help us fund and accelerate this growth.”
“Together, we will expand the applications and clinical development of LAMP products, out-license and collaborate with pharmaceutical companies, and build and maximize shareholder value,” Hearl said. “We look forward to continuing ITI’s mission to pioneer vaccines that will transform human life, while creating and building shareholder value.”
A platform biotech company, ITI's business model is to develop products to proof-of-concept, out-license them, and seek early-stage collaborations aro
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