The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Imugene (IMU) receives US FDA Investigational New Drug (IND) approval for two new drug candidates
  • The first approval gives Imugene permission to begin patient recruitment and dosing for the nextHERIZON study in advanced gastric cancer
  • The second allows the initiation of a Phase 1 clinical trial of the company’s oncolytic virotherapy candidate, VAXINIA
  • The company says achieving concurrent approvals for its programs is an outstanding result for the team
  • Imugene last traded at 51.5 cents on December 10

Imugene (IMU) has received US Food and Drug Administration Investigational New Drug (IND) approval for two new drug candidates.

The first grants approval to initiate a new phase 2 clinical trial of its immunotherapy candidate, HER-Vaxx.

The approval gives Imugene permission to start patient recruitment and dosing for the nextHERIZON study in HER2/neu overexpressing metastatic or advanced adenocarcinoma of the stomach or gastroesophageal junction, commonly known as Advanced Gastric Cancer (AGC).

The nextHERIZON study is designed to analyse the safety and efficacy of the drug to support the further development of HER-Vaxx in cancer after progression with trastuzumab. All patients must have received trastuzumab and progressed after one litre to be eligible for enrolment.

The company previously found increasing the number of cytotoxic immune cells within the tumour microenvironment (TME) via the use of immunotherapies such as HER-Vaxx has been promising.

Based on pre-clinical data, HER-Vaxx may also synergize with PD-1 targeting immune checkpoint inhibitor pembrolizumab and therefore serve as a potentially better tolerated and chemotherapy-free treatment opportunity in metastatic patients.

The second approval allows the initiation of a Phase 1 clinical trial of the company’s oncolytic virotherapy candidate, VAXINIA.

The approval allows Imugene to start patient recruitment and dosing in a Phase 1 clinical trial for a metastatic or advanced solid tumors study in multiple solid tumour type patients.

This is an open-label, dose-escalation, multi-centre phase I study evaluating the safety of CF33-hNIS,which can be administered via either intratumourally (IT) or intravenously (IV).

“Accomplishing this goal speaks to the perseverance and dedication of Imugene’s and City of Hope’s research and development teams as we continue to build on our clinical and commercial potential,” said Imugene MD & CEO Leslie Chong.

“To achieve two INDs for our programs concurrently is an outstanding result for the team.”

Imugene last traded at 51.5 cents on December 10.

imu by the numbers
More From The Market Online

Rio Tinto iron ore exports rebound as diesel costs jump

Rio Tinto Pilbara iron ore shipments beat expectations in the June quarter, but higher diesel prices…

KPMG Australia weighs major job cuts as scandal fallout deepens

KPMG Australia is reportedly preparing hundreds of job cuts and partner pay reductions after the fallout…
Close up of BHP sign on the office building in Melbourne.

BHP surges over +3.5% on cool US inflation; Chile copper issues

The ASX’s largest company BHP Group (ASX:BHP) – fitting for a brand already referred to as the Big Aussie