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Pfizer To Collaborate On IGNITE's Research Program On Novel Vaccinia Viruses

IGNITE Immunotherapy Inc., a new company focused on oncolytic virus vaccine design, discovery and development announced its formation.

IGNITE said that along with strategic collaborative partner and lead investor Pfizer Inc. (PFE), it will focus on the discovery and development of targeted and proprietary next-generation intravenous oncolytic (cancer cell lysing) virus vaccines for the immunotherapy of cancer. These biotherapeutics may be optimized for use in combination with immune checkpoint inhibitors.

IGNITE is developing a robust and proprietary vector discovery platform, Oncolytic Vaccine Evolution, to potentially discover novel vectors for use in its lytic cancer vaccine products.

As per the deal, Pfizer will hold a 50 percent equity investment in IGNITE. Pfizer will provide full research and development funding for three years, and Pfizer has exclusive option to acquire IGNITE after initial research program is completed. Pfizer also has two seats on IGNITE's board of directors. Financial terms were not disclosed.

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