I think that the partner will be fully funding this research in return for a 30% stake in the venture which means Prima won't have to do any fund raising and will stand to accrue 70% of any value derived from the product once it has been commercialized. And it seems that there will be a quite a large world market for it.
Again it should attract world attention in time since it is an immunotherapy treatment meaning very few side effects if any.
I wonder how many difffernt cancers it potentially treats?
some info about this productfrom PRR announcements:
(you can also read more about itsscience by going to the PRR website)
ONCOMAB Cancer Antibodies
Therapeutic cancer antibodies targeting cancer antigen, cripto-1.
Patent granted in 2007/2008 expires in 2023
Patents granted in Australia, China, New Zealand, USA, South Korea, USA.
The patent describes the use of therapeutic antibodies that target the tumour antigen, cripto-1, in the treatment of cancer.
The patent specifically claims:
A method of treating cancer in a patient whose cancer cells over-express Cripto-1 by administering a therapeutically effective amount of a monoclonal antibody that binds a Cripto-1 and inhibits growth or spread of the cancer cells either by:
a) Inducing apoptosis as a result of the binding of the antibody to the Cripto-1 on cancer cells; or
b) Inducing cell death by delivery to cancer cells of a cytotoxic compound conjugated to the monoclonal antibody
The patent also claims chimeric and human antibodies as well as antibody fragments.
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I think that the partner will be fully funding this research in...
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