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Immunomedics (IMMU) Majority-owned Subsidiary Awarded US Patent for New Vaccine Technology Targeting Dendritic Cells

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http://pennyomega.com/img/immu.jpg Immunomedics (Nasdaq: IMMU)

Keep a close eye on IMMU. The company reported after closing bell the issuance of U.S. patent no. 8,562,988 to its majority-owned subsidiary, IBC Pharmaceuticals, Inc., for "Novel Strategies for Improved Cancer Vaccines", protecting a new vaccine technology targeting dendritic cells for blood cancer treatment.

The new patent concerns methods and compositions for forming anti-cancer vaccine complexes created with the Company's proprietary DOCK-AND-LOCK(TM) method. The allowed claims cover the use of bispecific antibodies targeting CD74, the major histocompatibility complex class-II invariant chain, Ii, of immune cells, and CD20 to form a vaccine complex.

Because immune cells such as dendritic cells express high levels of CD74, the bispecific antibody-vaccine complex is capable of inducing an immune response against CD20-expressing cancer cells, killing, inhibiting the growth of, or eliminating the cancer cells.

This patent will expire in March 2026.

IMMU stock closed at $4.09 with a volume of 3,833,323 shares on Tuesday's trading session

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IMMU is a biopharmaceutical company primarily focused on the development of monoclonal antibody-based products for the targeted treatment of cancer, autoimmune and other serious diseases.

More about Immunomedics, Inc. (Nasdaq: IMMU) at www.immunomedics.com.

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