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GlobeImmune’s Hepatitis C Product Candidate Improves End of Treatment Response in All IL-28 B Genotypes, with the Greatest Effect in the Hardest-to-Treat Patients

GlobeImmune GI-5005 HCV Product Candidate Improves Sustained Virologic Response by 10 Percent, Demonstrating Potential to be First Therapeutic Vaccine for HCV

GlobeImmune Announces Presentations of GI-5005 Phase 2b Data at EASL 2010 Meeting


About GlobeImmune

Overview

GlobeImmune, Inc. is a private company developing Tarmogen® therapeutic vaccines that activate a patient’s immune system to target diseased cells.  The company has two lead clinical products; GI-5005 to treat chronic hepatitis C (HCV) infection, and GI-4000 for pancreas, non-small cell lung, colorectal and other cancers driven by mutations in the Ras oncogene product.

GI-5005 stimulates immune-mediated clearance of infected cells, an approach that is synergistic with the antiviral mechanisms of both the current standard of care (SOC) and emerging novel therapies for HCV.  In a randomized phase 2b trial, GI-5005+SOC achieved a 58% sustained virologic response (SVR; or “cure” rate), significantly improved liver function, and had an excellent safety/tolerability profile.  Moreover, the greatest therapeutic effect (60% SVR GI-5005+SOC vs. 0% SOC-alone) occurred in patients genetically predisposed to be hardest-to-treat with SOC alone (IL28B T/T patients), a predisposition occurring with increased incidence in Hispanics and a 3-fold higher incidence in African-Americans. 

GI-4000 is being investigated in multiple phase 2 clinical trials in a variety of tumor types containing mutated Ras.  In a phase 1 monotherapy study in metastatic cancers, GI-4000 was well-tolerated and induced antigen-specific T cell immune responses in patients.  In preclinical models GI-4000 induced complete remission of tumors bearing the targeted mutations, and did so in a mutation-specific manner.   In May 2009, the company announced a global partnership with Celgene focused on the discovery, development and commercialization of multiple product candidates for the treatment of cancer.

 

Location

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GlobeImmune occupies 40,000 square feet of laboratory, office and GMP manufacturing space in Louisville, Colorado and employs approximately 40 people.

Financings

GlobeImmune received $5 million in seed and grant financing from a variety of sources prior to completing an $8 million Series A financing with Sequel Venture Partners of Boulder, CO; HealthCare Ventures, LLC. of Cambridge, MA; and Morgenthaler Ventures of Menlo Park, CA in 2003.

 

In December 2005, GlobeImmune closed $38.4 million in Series B financing to support continued clinical development of its lead programs. This round was led by Lilly Ventures and included other new investors Medica Venture Partner, Adams Street Partners, PAC-LINK Bio, CIDC, Biogen Idec, Inc., Genentech, Inc., Yasuda, Partners Healthcare and GC&H Investments. All of the Company’s original Series A Preferred Stock investors also participated in the financing.

 

In September 2007, GlobeImmune closed a $41.2 million Series C financing led by Wexford Capital LLC.  Other new investors in GlobeImmune included Celgene, Inc., Mellon Family Investment Company, Eminent Venture Capital, Boston Life Science Venture, and WRF Capital. 

 

In May 2009, the Company signed a broad oncology partnership with the Celgene Corporation.  Under the terms of the agreement, GlobeImmune received a $40 million upfront payment from Celgene, which includes a $10 million Series D equity investment in the Company.

 

In January 2010, announced a Series E Preferred Stock financing of $18 million. The round was led by new investors Generali Financial Holding.  Advisory for the new investors was BSI Healthcapital SA of Lugano, Switzerland. Existing investors in GlobeImmune also participated in the financing.

 

Pipeline




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