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immatics Raises EUR54 Million to Advance its Late Stage Clinical Therapeutic Cancer Vaccine Portfolio
Date:9/21/2010

cal study in approx. 90 patients with advanced colorectal cancer. The Company's third clinical project, IMA950 is in preparation for two Phase I studies in patients with glioblastoma in collaboration with Cancer Research UK and with the National Cancer Institute in the US. Furthermore, the Company will seek to move IMA941 for treatment of gastric cancer patients in East Asia into the clinic and will continue to expand and further improve its XPRESIDENT(TM) antigen discovery platform.

immatics' pipeline of advanced therapeutic vaccines has been developed using the unique XPRESIDENT(TM) technology. This platform has the ability to identify specific tumor associated peptides (TUMAPS) related to any cancer type in a fast and reliable manner. This allows the company to generate better cancer vaccines rapidly, to patent them and to move new vaccine candidates into the clinic in less than 24 months. Additionally, immatics' XPRESIDENT(TM) technology can be used to identify disease associated peptides in areas beyond cancer.

Paul Higham, CEO of immatics said: "Attracting such financial backing from leading European biotech investors demonstrates a strong belief in our company and development programs. With this financing now in place, we can fully focus on the further clinical development of our three leading cancer vaccine programs. Importantly, we are now able to move our lead program, IMA901 in renal cell carcinoma into a Phase III pivotal study by the end of this year, a key step in bringing promising novel therapeutic vaccines to cancer patients. This Series C financing will also allow us to invest in developing our other vaccine candidates and to explore further the potential of our underlying XPRESIDENT(TM) technology platform."

Dr. Matthias Kromayer from MIG AG commented: "It is increasingly clear that therapeutic vaccines have the potential to revolutionize the treatment of cancer. We were very impressed by the Phase II results immatics gener
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