12/07/2010 07:00:00

KAEL-GemVax reports significant interim progress in UK TeloVac Phase III study of GV1001 anti-telomerase vaccine in pancreatic c

KAEL-GemVax, a leading oncology vaccine company, today announced,

through its subsidiary GemVax A.S, encouraging interim progress from the

UK-based Phase III TeloVac study of its anti-telomerase therapeutic

cancer vaccine GV1001 in pancreatic cancer. The company also strongly

believes GV1001 has major “blockbuster” potential as a universal

therapeutic cancer vaccine and is developing a strong pipeline for other

indications, including lung and liver cancer and melanoma.

The largest cancer vaccine therapy trial ever in the UK, currently

funded by Cancer Research UK, the TeloVac study is being run by the

Liverpool Cancer Trials Unit. KAEL-GemVax has just received the second

interim report noting that the number of patients recruited reached 755

out of 1110 in 52 centres in the UK in June. This means recruitment is

now almost 70% complete and remains well on schedule for LPFV in October

2011 and NDA filing soon after. A recent Datamonitor report forecasted

the market for therapeutic cancer vaccines to reach $4.7 billion by 2018

in 7 major markets.

Director of the LCTU, Professor John Neoptolemos commented: “GV1001 is

the most advanced therapeutic cancer vaccine currently in development

and we are extremely pleased with the progress of trials so far. Patient

recruitment across our centres continues and we are seeing some good

immunological responses.”

The primary trial objective is length of survival. The TeloVac study was

initiated in 2007 after the Phase I/II study showed overall survival of

8.6 months, compared to the 5.6 months of current standard treatment

Gemcitabine. It is a prospective, controlled, multicentre, randomised

clinical trial comparing combination Gemcitabine and Capecitabine

therapy with concurrent and sequential chemoimmunotherapy using a

telomerase vaccine in locally advanced and metastatic pancreatic cancer.

KAEL-GemVax CEO Dr Jay Sangjae Kim added: “These results from the

independent Data Monitoring Committee on the TeloVac trial in the UK are

extremely encouraging. Currently pancreatic cancer is one of the most

difficult cancers to treat and there are only a few approved treatments

on the market. However, we believe that the improved overall survival

and favourable safety profile that GVI001 has shown in previous studies

creates a strong rationale for providing it with standard care, and thus

creating the first therapeutic vaccine for patients with pancreatic

cancer. In addition, we strongly believe that GV1001 has the potential

to overcome the limits of other current cancer vaccines and become part

of the standard of care not only for pancreatic cancer but for various

other types of cancers. In other words a truly “universal” vaccine will

be available in the near future.”

Corporate Inquiries

KAEL-GemVax

Yena Chung,

Global PR Manager

Tel: +82-2 540 6221

Email: yenachung@kaelgemvax.com

or

Media

Inquiries

Schwartz Communications

Richard

Hayhurst

Tel: +44 (0)7950 878 218

Email: Rhayhurst@schwatrtzcomm.com

or

Schwartz

Communications US

Ben Navon

Tel: +1 781-684-0770

Email:

Bnavon@schwartzcomm.com

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