Navigation Links
Immunomic Therapeutics Engages Newport Coast Securities, Inc.
Date:7/29/2014

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 around LAMP vaccine programs. Its first product is a vaccine for the Japanese red cedar allergy. Phase I clinical trials showed excellent safety and immune responses, and the company is targeting business development opportunities with pharmaceutical companies in Japan. Now in advanced stages of Term Sheet negotiation, a deal is expected in 2015.

Comparables for the product range from $200M - $1B. This initial license, combined with current and planned fundraising with Newport Coast Securities, will validate the platform and non-dilutive funding for subsequent clinical development and out-license in other areas of pollen allergy, food allergy, oncology and animal health.

Dr. William Hearl will embark on a roadshow with Newport to showcase the company’s technology, report on its progress, and share future plans to the private and institutional investment community. The tour starts in August 2014.

About Newport Coast Securities, Inc.
Newport Coast Securities Inc., member FINRA/SIPC, is a full-service firm offering quality investment banking and distribution services to high quality small cap companies. Newport Coast is committed to long-term partnerships with emerging growth companies and the investors who back them. Newport Coast Securities Inc. offers a complete range of brokerage and investment banking services to small cap companies including public offerings, private placements, and M&A advisory, as well as a full range of brokerage and investment services to both institutional and private investors.

About Immunomic Therapeutics, Inc.
Immunomic Therapeutics, Inc. (ITI) is a privately held clinical stage biotechnology company headquartered in Lancaster, PA with lab facilities in Rockville, MD. ITI is developing next generation vaccines based on the patented LAMP Technology. Our LAMP-vax platform significantly increases the effectiveness of the immune response to nucleic acid vaccines while simplifying overall vaccine design and delivery, yielding safer, more cost-effective human and animal therapies. Our LAMP constructs have been validated in human clinical trials for cancer and have been applied to a wide breadth of targets including allergy, cancer and infectious diseases. For more information about ITI and LAMP Technology please visit http://www.immunomix.com or contact Kristi Hughes at MKJ Creative khughes(at)mkjcreative.com.

Read the full story at http://www.prweb.com/releases/ImmunomicTherapeutics/NewportCoastSecurities/prweb12053982.htm.


'/>"/>
Source: PRWeb
Copyright©2014 Vocus, Inc.
All rights reserved

Related biology technology :

1. Immunomic Therapeutics Receives IND Authorization for Phase I Study of JRC-LAMP-Vax Vaccine to Treat Japanese Red Cedar (Sugi) Allergy
2. String of Collaborations Launch Immunomic Therapeutics’ Brain Tumor Program Pipeline
3. Cell Therapeutics, Inc. Reports Results of Annual Meeting of Shareholders
4. Nile Therapeutics Reports 2011 Third Quarter Financial Results
5. Nile Therapeutics Announces Top-Line Results in Clinical Trial Evaluating the Subcutaneous Infusion of Cenderitide, Meets Primary Endpoint
6. Fate Therapeutics Strengthens Its iPSC Platform
7. Amsterdam Molecular Therapeutics Provides Business Update for the Third Quarter 2011
8. MarketsandMarkets: Global Prostate Cancer Therapeutics Market worth $6,457 Million by 2020
9. MarketsandMarkets: Leukemia Therapeutics Market Worth $11.3 Billion by 2020
10. Roche Signs Agreement with PTC Therapeutics to Advance Treatment for Spinal Muscular Atrophy (SMA)
11. Echo Therapeutics Announces Positive Results of Clinical Trial of its Symphony® Transdermal Continuous Glucose Monitoring (tCGM) System in Patients With Type 1 and Type 2 Diabetes
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/25/2016)... ... May 25, 2016 , ... ... became double board-certified in surgery and surgery of the hand by the National ... no stranger to going above and beyond in his pursuit of providing the ...
(Date:5/25/2016)... ... May 25, 2016 , ... Biohaven Pharmaceutical Holding Company Ltd. ... the company’s orphan drug designation request covering BHV-4157 for the treatment of Spinocerebellar ... FDA. , Spinocerebellar ataxia is a rare, debilitating neurodegenerative disorder that is ...
(Date:5/23/2016)... ... ... blood donations in South Texas and across the nation is growing. , But according to ... are on the decline. In fact, donations across the country are at their lowest point ... the last four years alone. , There is no substitute for blood. , “We want ...
(Date:5/23/2016)... North Carolina (PRWEB) , ... May 23, 2016 ... ... automation and building management solutions and services based in Aurora, Ohio, has broken ... of established business in the Research Triangle Park area, this new location solidifies ...
Breaking Biology Technology:
(Date:3/22/2016)... OTTAWA, Ontario , PROVO ... 2016 Newborn Screening Ontario (NSO), which operates ... for molecular testing, and Tute Genomics and ... process management technology respectively, today announced the launch of ... new next-generation sequencing (NGS) testing panel. ...
(Date:3/17/2016)... -- ABI Research, the leader in transformative technology ... will reach more than $30 billion by 2021, ... electronics, particularly smartphones, continue to boost the biometrics ... two billion shipments by 2021 at a 40% ... Analyst at ABI Research. "Surveillance is also gearing ...
(Date:3/14/2016)... March 14, 2016 NXTD ) ("NXT-ID" ... commerce market, announces the airing of a new series of ... week of March 21 st .  The commercials will air ... popular Squawk on the Street show. --> NXTD ... growing mobile commerce market, announces the airing of a new ...
Breaking Biology News(10 mins):