After highlighting what became a 10-bagger in June (Izotropic Corp), we have been scouring the nano-cap biotech landscape for the next big opportunity. The key ingredients for success in biotech investing are undoubtedly a strong management team, cutting edge innovation in therapeutic indications that are in high demand, and a tight share structure with strong insider ownership. We have finally found what we believe could be the next 10-bagger. This company has at least as much upside potential as IZO shares had at $.15 in June when I pounded the table and encouraged my readers to accumulate shares. Everything is lined up for this company to achieve key milestones as it advances its pipeline of antiviral and anticancer vaccine therapies through Phase I/II trials over the next couple of years. Perhaps most importantly, its valuation is attractive and the company is well under-the-radar - this means that the upside is significant as the market becomes increasingly aware of this opportunity as key milestones are achieved over the coming months.
Based in Vancouver, BioVaxys Technology Corp. (CNSX: BIOV) is a British Columbia registered, clinical-stage biotechnology company that is developing anti-viral and oncology vaccines based on its proprietary haptenized protein platform technology. The Company is currently advancing a SARS-CoV-2 vaccine candidate which is in preclinical development, and near-term is planning a clinical trial of its haptenized autologous cell therapy used in combination with anti-PD1 and anti-PDL-1 checkpoint inhibitors in advanced ovarian cancer. BioVaxys has licensed two issued US patents, applied for two wholly-owned patent applications related to its cancer vaccine, and has a patent application pending for its antiviral vaccine platform which includes use in SARS-CoV-2 (Covid-19) BioVaxys common shares trade on the CSE under the stock symbol “BIOV.”
Founders and C-level management all hail from prior experience in founding, funding, or leading R&D at the former Avax Technologies. They have decades’ worth of experience in immunotherapeutic R&D and biotech corporate and commercial development, with ties to institutional capital and Key Opinion Leaders in the field. Notably, James Passin, Co-Founder and CEO, is a former hedge fund and PE fund manager, and a long-term biotech investor. Kenneth Kovan, Co-Founder, President & COO, is a former biotech CEO, and has over 30 years of experience in biopharma commercialization and corporate development. David Berd, M.D., the inventor of both Biovaxys cancer vaccines, is a medical oncologist and tumor immunologist who has experience in clinical oncology research and has published over 85 papers on the subject. In addition to his academic research, Dr. Berd has 10 issued patents dealing with cancer vaccines. As National Director for Immunotherapy at Cancer Treatment Centers of America, Dr. Berd investigated the application of the AC vaccine to ovarian cancer and is a highly-respected medical doctor and academic researcher in the oncology community.
Biovaxs’ patent portfolio encompasses their proprietary haptenized protein viral vaccine platform (#62/992,722 filed 3/20/2020), the composition of matter and methods of use for bihaptenized autologous cancer vaccines in combination with immune checkpoint inhibitors (#62/735,381 filed 9/24/2018 and #62/746,066 filed 10/16/2018), and a diagnostic for identifying the T-cell immune response to SARS-CoV-2 infection. The company has licensed two additional patents from Thomas Jefferson University encompassing the composition of haptenized tumor cells and extracts, the methods for preparing the extracts, the vaccines comprising haptenized tumor cells, methods for treating cancer with the aforementioned vaccines (Issued US patent # 7,297,330), and the cryopreservation of haptenized tumor cells (Issued US patent # 8,435,784).
Cancer remains one of the most significant burdens to human health and well-being with over 14 million new cases diagnosed per year worldwide resulting in over 8 million deaths. Biovaxys’ cancer vaccine development platform is being optimized for ovarian cancer and melanoma but is extendable to any cancer that can be isolated from the human body. The company has developed a scalable platform that relies on their proprietary knowledge of haptenization of cancer antigens and the preparation of those haptenized antigens into vaccines. BioVaxys’ virus vaccine technology is currently directed against COVID-19 but is also a platform technology that should be applicable to other human viruses.
Author owns BIOV.CA shares at the time of publishing and may choose to buy or sell at any time without notice. Author has been compensated for marketing services by Biovaxys Technology Corp.
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