Vaxil Announces Strategic Collaboration With Hadassah

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October 20, 2016 09:00 ET

Vaxil Announces Strategic Collaboration With Hadassah
Appointment of Top Hadassah Physician Scientist Professor Dr. Michael Shapira to Vaxil Scientific Advisory Board; Appointment of New CEO and Board Member

TORONTO, ON and REHOVOT, ISRAEL–(Marketwired – October 20, 2016) – VAXIL BIO LTD. (TSX VENTURE: VXL), is pleased to announce a collaboration with Hadassah Medical Center, one of Israel’s leading medical institutions. The Vaxil-Hadassah collaboration, signed by Vaxil’s research and development (R&D) arm known as Vaxil BioTherapeutics Israel, is intended to enhance R&D for the Company’s immunotherapy platform including its lead product, Orphan Drug Designated Immucin™. The collaboration will include clinical samples obtained from cancer patients and healthy volunteers at Hadassah, which will be utilized and analyzed in conjunction with Vaxil’s immune therapies and potential combination treatments currently under consideration.

Vaxil has already embarked on its prior announced R&D program, investigating potential combination therapies including checkpoint inhibitors, and hopes to report further on results in the near future. The Company believes Immucin™ has potential to be a very strong immunotherapy, whether as a standalone treatment or possibly in combination with other products. The Vaxil-Hadassah Collaboration will serve to support these strategies. At Hadassah, Professor Michael Shapira will spearhead the collaboration.

Professor Dr. Shapira commented: “I am a strong believer in Vaxil’s immunotherapy platform. I have spent years following Immucin’s progress, and have been fortunate to witness the promising potential both in cancer patients and in the lab. Hadassah is excited to be embarking on this collaboration and partnering with Vaxil’s scientific team.” Vaxil believes that this partnership has potential to substantially advance its lead product, Orphan Drug Designated Immucin™ through investigating it’s mode of action and in turn, optimal design for its next clinical trial. The Vaxil and Hadassah scientists will further examine the nature of immune response to its immunotherapy in hematological patients, specifically those that are in remission from multiple myeloma and leukemia. Investigations and analysis will take place primarily at Vaxil’s lab utilizing the Company’s fluorescence activated cell sorting machine and other facilities. Importantly, results could serve to optimize the treatment protocol with Immucin™ in the patient populations of choice for the larger Phase-II trial, which is planned for launch in 2017.

Top Hadassah Clinician Scientist Joins Vaxil’s Scientific Advisory Board
In addition to the Vaxil-Hadassah Collaboration, top Hadassah scientist Professor Michael Shapira will be joining the Vaxil Scientific Advisory Board.

Prof. Dr. Shapira possesses in-depth knowledge of Vaxil’s immunotherapy, having led the Company’s Phase-I/II clinical trial which demonstrated the safety of Immucin™ and established its potential to elicit a specific cellular and humoral response against MUC1-SP in a novel manner. MUC1 is a highly prominent cancer target present on 90% of all human cancers yet has remained elusive in terms of optimal treatment protocol and target population. Vaxil believes its immunotherapy platform targets cancer antigens through a more effective path. Most promisingly, over 70% of the cancer patients who participated in Vaxil’s Phase-I/II exhibited a stable disease, including a majority of whom exhibited a durable response.

>Prof. Dr. Shapira is a leading clinician scientist who has been published well over 100 peer-reviewed articles and other scientific and clinical studies. At Hadassah, Professor Shapira was the first to develop therapeutic stem cell transplantation for elderly patients, a breakthrough for a patient population typically more difficult to transplant given their age. For his performance as a researcher and teacher, Prof. Shapira received several prizes of excellence. Professor Shapira served in the Israeli Defense Forces before attending the Hebrew University School of Medicine.

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