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Oncimmune (ONC) Shares Jump On Agreement With Major Cancer Centre

Updated: 23 Jul 2021

Shares of immunodiagnostics company Oncimmune Holdings (LON: ONC) are climbing after announcing it has signed an autoantibody profiling contract with Dana-Farber Cancer Institute in Boston, Massachusetts. 

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Dana Farber has been described as a world leader in adult and paediatric cancer treatment and research; it currently has more than 1,100 therapeutic and non-therapeutic clinical trials in progress.

The agreement will see Oncimmune use its biomarker discovery engine, SeroTag, to identify autoantibodies that can predict patient response used in Dana-Farber led studies or therapy using atezolizumab, nivolumab, pembrolizumab, durvalumab, and cisplatin-based chemotherapy. 

SeroTag will also be used to identify autoantibodies that can predict immune-related adverse events in response treatment. The project is set to be completed by the end of this year. 

Dr Adam Hill, CEO of Oncimmune, said: “We are delighted to be partnering with such a prestigious organisation as Dana-Farber on the use of multiple CPI assets in this important oncology trial and leveraging the power of our autoantibody biomarker profiling technology.

“As autoantibodies continue to be recognised as a key biomarker class that aid in the understanding of interactions between cancer and the immune system, the ImmunoINSIGHTS platform is becoming increasingly instrumental in studies for a wide range of cancer indications and therapy classes.” 

Oncimmune's share price has gained 6.47% so far in Friday's session, sitting at 181p per share.

Should you invest in Oncimmune shares?

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