03.05.2018 07:02:04: Targovax ASA: First quarter 2018 results
Oslo, Norway, 3 May 2018 - Targovax ASA (OSE: TRVX), a clinical stage company focused on developing immuno-oncology therapies to target solid tumors, today announces its first quarter 2018 results.
A meeting for investors, analysts and press will take place in Oslo today at 10:00 CET (details below).
HIGHLIGHTS FOR THE FIRST QUARTER 2018
Research & Development
In January, Targovax announced that ONCOS-102 generated immune activation at both the systemic and lesional levels in checkpoint inhibitor (CPI) refractory melanoma in four out of the first four patients treated
After the encouraging safety and immune activation data, a new site in Philadelphia was opened to recruit patients into the melanoma trial
In February, Targovax announced that the safety lead-in part of its ONCOS-102 trial in unresectable, malignant, pleural mesothelioma was completed without any safety concerns, and that ONCOS-102 generates early immune activation in treated patients. The safety review committee recommended that the trial continues, and recruitment into the randomized part has now started.
Corporate
In January, Dr. Michael Bogenstätter took up his role as Chief Business Officer of Targovax
POST-PERIOD HIGHLIGHTS
In April, Dr. Catherine A. Wheeler was elected as a new member of the Board of Directors
In May, early signal of efficacy was reported in the ONCOS-102 trial in mesothelioma trial, with clinical response observed in three out of six patients
Øystein Soug, CEO said: “The first quarter of 2018 has yielded further encouraging data generated from studies on candidates emanating from both our platforms. We continue to believe our prospects are great for 2018, and expect to further demonstrate the potential of our two immuno-oncology platforms during the remainder of the year.”
Presentation
The presentation will take place at 10:00 CET at:
Hotel Continental
Stortingsgaten 24/26
0117 Oslo
The presentation will also be webcast live and can be accessed through www.targovax.com.
Reporting material
The quarterly report and presentation are also available at the website www.targovax.com.