InNexus Biotechnology Inc. Signs Collaboration Agreement with the National Cancer Institute
CHANDLER, Ariz.--(BUSINESS WIRE)--InNexus Biotechnology Inc. (TSX:IXS.V) (www.ixsbio.com), a drug development company commercializing the next generation of antibodies based on its groundbreaking Dynamic Cross Linking (DXL™) technology, today announced the Company has entered into a Collaboration Agreement with the National Cancer Institute (NCI) of the U.S. National Institutes of Health (NIH) to research proprietary technologies developed by InNexus.
“I look forward to working with the scientists at the NCI to study our technologies. Antibodies are the chosen drug development platform for pharmaceutical companies and DXL has been shown to enhance antibody performance. We will initially work with the NCI to enhance immunotoxins currently under study at the NCI,” said Dr. Thomas Kindt, Chief Scientific Officer of InNexus. The principal investigator for the NCI will be Dr. Ira Pastan, distinguished Chair and Chief of the Laboratory of Molecular Biology, Center for Cancer Research at the NCI. Dr. Pastan established the Laboratory of Molecular Biology in 1970.
“We believe our technologies for enhancing the function of antibodies have immediate applicability to research currently underway at the NCI. We’re excited to collaborate with the NCI and develop genetically engineered immunotoxins to selectively kill cancer cells,” said Jeff Morhet, CEO of InNexus. “Dr. Pastan and the world-class research team, resources and facilities at the NCI are a wonderful opportunity for the InNexus team to collaborate and showcase our science and ability to build and commercialize products.”
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About InNexus Biotechnology
InNexus Biotechnology Inc. is a public biotechnology company commercializing the next generation of monoclonal antibodies based on its DXL™ and Transmab™ technology to improve the potency of existing antibodies and to develop novel antibodies based on the unique and patented methods and technologies of InNexus. InNexus has its own in-house developmental (GLP) and manufacturing (GMP) facilities, enabling InNexus (and its strategic partners) to advance novel drug therapeutics and diagnostics. InNexus Biotechnology Inc. is listed on the TSX Venture Exchange (TSX.V:IXS). Please visit www.ixsbio.com.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. This news release may contain assumptions, estimates, and other forward-looking statements that involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company's control, which may cause actual results or performance to differ materially from those currently anticipated in such statements.