BLAINE, Wash., Nov. 17 /PRNewswire-FirstCall/ -- GeneMax Corp. (OTC Bulletin Board: GMXX; Frankfurt and Berlin: GX1) announces that the Company's wholly owned subsidiary, GeneMax Pharmaceuticals Inc. has obtained non-exclusive worldwide licenses, from the National Institute of Allergy and Infectious Diseases (NIAID), a component of the U.S. National Institutes of Health (NIH), for the use of the Modified Vaccinia Ankara (MVA). The licensed technology and material will be used with the goal of developing a vaccine platform capable of generating superior protective immune responses against smallpox.
According to the United States Centers For Disease Control website, smallpox is a serious, contagious, and sometimes fatal infectious disease. There is no specific treatment for smallpox disease, and the only prevention is vaccination. Smallpox outbreaks have occurred from time to time for thousands of years, but the disease is now eradicated after a successful worldwide vaccination program. After the disease was eliminated from the world, routine vaccination against smallpox among the general public was stopped because it was no longer necessary for prevention. However, the potential threat of the use of smallpox as a bio-terrorist threat has re-ignited worldwide preparedness responses including the development of smallpox vaccine stores and the preventative vaccination of high-risk segments of the population.
Company President, Ronald Handford states, "These licenses are important building blocks for the next phase of our pipeline product expansion. The development of these vaccines is consistent with our Mission Statement, addressing treatment of disease through vaccination and immune-system modulation, and is complementary to our lead product, the TAP (Transporters Associated with Antigen Processing) cancer vaccine. Our Scientific Advisory Board has been very helpful to the Company in identifying opportunities for our product pipeline's growth."
About NIAID: The National Institute of Allergy and Infectious Diseases is a component of the National Institutes of Health. NIAID conducts and supports research that strives to understand, treat, and ultimately prevent the myriad infectious, immunologic, and allergic diseases that threaten hundreds of millions of people worldwide.
About GeneMax Corp.: GeneMax Corp. is a biotechnology company specializing in the discovery and development of immunotherapeutics aimed at the treatment and eradication of cancer, and therapies for infectious diseases, autoimmune disorders and transplant tissue rejection.
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THIS NEWS RELEASE MAY INCLUDE FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES AND EXCHANGE ACT OF 1934, AS AMENDED, WITH RESPECT TO ACHIEVING CORPORATE OBJECTIVES, DEVELOPING ADDITIONAL PROJECT INTERESTS, THE COMPANY'S ANALYSIS OF OPPORTUNITIES IN THE ACQUISITION AND DEVELOPMENT OF VARIOUS PROJECT INTERESTS AND CERTAIN OTHER MATTERS. THESE STATEMENTS ARE MADE UNDER THE "SAFE HARBOR" PROVISIONS OF THE UNITED STATES PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND INVOLVE RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE IN THE FORWARD-LOOKING STATEMENTS CONTAINED HEREIN."
CONTACT: in North America, Marcus Johnson, 866-872-0077 or+1-360-332-7734, or fax, +1-360-332-1643, or in Europe, Richard Elliot-Square,41 43.888.67.00, or fax, 41.43.888.67.09, both of GeneMax Corp.