ACCESS Newswire
10 Jul 2019, 14:49 GMT+10
SAN DIEGO, CA / ACCESSWIRE / July 10, 2019 / Calidi Biotherapeutics, Inc., a clinical‐stage biotechnology company at the forefront of stem cell-based delivery of oncolytic virus-based immunotherapies for cancer, today announced an exclusive veterinary worldwide license for the development and commercialization of its lead drug SuperNova1 (SNV1) with VetStem, an industry-leading biopharmaceutical animal health company. Under this agreement, Calidi will receive development milestone payments and downstream royalties from VetStem.
"We are proud to partner with VetStem Biopharma to develop our stem cell-based delivery of oncolytic virus-based immunotherapies in the veterinary field for this promising and novel cancer treatment," said Allan Camaisa, CEO of Calidi Biotherapeutics."Our key area of focus is human cancer, we are excited to see the use of our lead product in the veterinary field as it will further advance our drug as we move towards phase 2 clinical trials in humans. Now we are waging war against cancer in both humans and animals."
"This license is the culmination of two years of close collaboration between Calidi Biotherapeutics and Vetstem" said Robert Harman, CEO of VetStem. "VetStem has been in formal FDA development of a first-in-class stem cell therapy for osteoarthritis in dogs and will utilize these same cells in combination with the Calidi SuperNova1 drug for therapy for multiple cancers in dogs. We are proud to be a partner with Calidi in this development."
About Calidi Biotherapeutics
Calidi Biotherapeutics is at the forefront of oncolytic virus-based immunotherapies for cancer and is a clinical-stage drug development company with proprietary technology that overcomes the challenge to effective delivery of oncolytic viruses. The company's mission is to transform the way that cancer is treated. Calidi Biotherapeutics is headquartered in San Diego, California. www.calidibio.com
For more information, please contact:
Investor Contact:
Stephen Thesing
Senior Vice President, Corporate Development & Operations
[email protected]
Contact:
Aimee Eucce
[email protected]
Calidi Biotherapeutics, Inc.
SOURCE: Calidi Biotherapeutics
Get a daily dose of Albuquerque Express news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Albuquerque Express.
More InformationISTANBUL/PARIS/BRUSSELS: As searing temperatures blanket much of Europe, wildfires are erupting and evacuation orders are being issued...
VENICE, Italy: Over the weekend, hundreds of protesters marched through the narrow streets of Venice to voice their opposition to billionaire...
PARIS, France: France is taking stronger steps to reduce smoking. A new health rule announced on Saturday will soon ban smoking in...
WASHINGTON, DC - U.S. President Donald Trump on Tuesday claimed Elon Musk's success has been built on government subsidies. Without...
EVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
NEW YORK, New York - U.S. stocks diverged on Wednesday for the second day in a row. The Standard and Poor's 500 hit a new all-time...
NEW YORK CITY, New York: The U.S. dollar continues to lose ground, weighed down by growing concerns over Washington's fiscal outlook...
KABUL, Afghanistan: Afghanistan, long associated with war and instability, is quietly trying to rebrand itself as a destination for...
SANTA CLARA, California: Executives at Nvidia have quietly been cashing in on the AI frenzy. According to a report by the Financial...
NEW YORK, New York - Global stock indices closed with divergent performances on Tuesday, as investors weighed corporate earnings, central...
TORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced...