TapImmune announces successful conveyance of Investigational New Drug Application from Mayo Clinic

Aug 18 2015

TapImmune, Inc. (OTCQB: TPIV), a clinical stage immunotherapy company, specializing in the development of innovative technologies for the treatment of metastatic cancer, announced today the successful conveyance of the Mayo Clinic IND (Investigational New Drug Application) to TapImmune as part of the recently completed licensing agreement. The transfer marks a critical step in reaching the Company's major milestone of initiating TapImmune's sponsored Phase 2 trials in patients with triple-negative breast cancer or ovarian cancer.

TapImmune recently announced positive Phase 1 clinical data from the Folate Receptor Alpha vaccine trial in patients with breast or ovarian cancer. This trial demonstrated the experimental therapy was safe, well-tolerated and provided a robust immune response in 20 out of 21 evaluable patients. Data from the Phase 1 trials were published in abstract form during the 2015 ASCO meeting.

The Company plans to utilize funds received from the recently exercised warrants from a previous financing, to sponsor Proof of Concept Phase 2 clinical studies in patients with triple negative breast or ovarian cancer under its own IND. Dr. Glynn Wilson, Chairman & CEO of TapImmune, stated "We believe the transfer of the IND to the Company represents the beginning of a new era for TapImmune. We now have the resources and regulatory pathway to chart our own course in developing a promising cancer vaccine to meet unmet medical needs."