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Zelluna ASA Investor Presentation 2021

Nov 9, 2021

3779_rns_2021-11-09_613101b2-4eb4-4c63-af8d-ce5dd88a460d.html

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Ultimovacs' SITC2021 Data Shows Enduring T cell Response for UV1 Combination in Melanoma

Ultimovacs' SITC2021 Data Shows Enduring T cell Response for UV1 Combination in Melanoma

* UV1 vaccine combined with ipilimumab induced immune responses in 91% of

melanoma patients

* Immune responses persist and are detectable up to 5 years

Oslo, November 9, 2021: Ultimovacs ASA ("Ultimovacs") (OSE ULTI), a clinical-

stage leader in immune stimulatory vaccines for cancer, announces data showing

that the Company's universal cancer vaccine UV1 in combination with ipilimumab

induces dynamic, multi-functional T cell responses in patients with melanoma,

with the potential for protection of 5 years or more. The data will be presented

as a poster at the Society For Immunotherapy of Cancer's 36(th) Annual Meeting

(SITC2021) being held in Washington, DC, USA November 10-14, 2021.

The SITC2021 data are from an early Ultimovacs' Phase I/IIa study of UV1 with

the checkpoint inhibitor ipilimumab in twelve patients with melanoma

(NCT02275416). They show that the drug combination induces a T cell immune

response in 91% of patients, and that the response can persist as long as 5

years (the end of the study period). The UV1-ipilimumab combination induces T

cells that are polyfunctional and produce multiple effector cytokines such as

interferon-gamma and TNF-alpha essential for a robust anti-tumor response. Tumor

biopsies revealed an influx of tumor-infiltrating lymphocytes (TIL) in patients

who responded well to treatment. The finding is a positive early signal in a

broader R&D program aimed at documenting the mechanistic effects of UV1.

"These are pleasing and clear data. The UV1-induced T cells continue to respond

dynamically to the presence of antigen over a prolonged period. The longevity of

the induced immune response and the persisting proliferative capacity of the T

cells provide optimism for UV1's potential to provide long-term clinical impact

for the patients." said Gustav Gaudernack, Chief Scientific Officer of

Ultimovacs. "Ultimovacs is delighted to be able to share these data with the

scientific and clinical community at SITC. As a company, we remain committed to

progressing UV1 in our ongoing Phase II clinical studies."

Ultimovacs' poster is entitled: "The Synthetic Long Peptide Cancer Vaccine UV1

in Combination with Ipilimumab Induces a CD4+ Th1 Anti-hTERT Immune Response and

an Inflammatory Tumor Microenvironment in Patients with Melanoma". The poster

presentation will be made available via the Ultimovacs website

(https://ultimovacs.com/investors/presentations-and-publications) at November

12, 2021.

UV1 is being investigated in combination with checkpoint inhibitors in Phase II

trials covering advanced malignant melanoma, ovarian cancer, head and neck

squamous cell carcinoma, malignant pleural mesothelioma, and non-small cell lung

cancer (NSCLC).

In total, the five Phase II trials will enroll more than 650 patients at nearly

100 clinical centers across 15 countries. The U.S. FDA recently granted Fast

Track designations to the combinations of UV1 with ipilimumab and UV1 with

pembrolizumab in the treatment of advanced malignant melanoma.

\==ENDS==

About Ultimovacs

Ultimovacs is developing immune-stimulatory vaccines to treat a broad range of

cancers. Ultimovacs' lead universal cancer vaccine candidate UV1 targets human

telomerase (hTERT), present in 85-90% of cancers in all stages of tumor growth.

By directing the immune system to hTERT antigens, UV1 drives CD4 helper T cells

to the tumor to activate an immune system cascade and increase anti-tumor

responses. With a broad Phase II program, Ultimovacs aims to clinically

demonstrate UV1's impact in multiple cancer types in combination with other

immunotherapies. Ultimovacs' second technology approach, based on the

proprietary Tetanus-Epitope-Targeting (TET) platform, combines tumor-specific

peptides and adjuvant in the same molecule and entered Phase I studies in 2021.

For further information, please see www.ultimovacs.com or contact:

Carlos de Sousa, CEO

Email: [email protected] (mailto:[email protected])

Phone: +47 908 92507

Hans Vassgård Eid, CFO

Email: [email protected] (mailto:[email protected])

Phone: +47 482 48632

Mary-Ann Chang, LifeSci Advisors

Email: [email protected] (mailto:[email protected])

Phone: +44 7483 284 853

This announcement was published by Joachim Midttun, Finance Manager at

Ultimovacs ASA, on November 9, 2021 at 14:00 CET.