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BATON ROUGE, LA --(Marketwired - February 23, 2016) - OncBioMune Pharmaceuticals, Inc. (OTCQB: OBMP) ("OncBioMune" or the "Company"), a clinical stage biopharmaceutical company engaged in the development of novel cancer products and a proprietary vaccine technology, is pleased to report positive results from its Phase 1 clinical trial of ProscaVax, the Company's novel cancer vaccine for prostate cancer. The trial is hosted at the University of California San Diego Moores Cancer Center and the Veterans' Hospital, La Jolla, CA to evaluate the safety and efficacy of ProscaVax in patients with recurrent disease, defined as rising PSA after initial treatment (surgery, radiation, or brachytherapy/radioactive seeds).
The trial was originally designed as a Phase 1a/1b study with an estimated enrollment of 20 patients in the Phase 1a and 28 in the Phase 1b. Fifteen patients have been enrolled in the Phase 1a portion of the trial. Preliminary data collected from the trial to date supports data from previous clinical research, showing that ProscaVax has a very strong safety profile. No serious adverse events have ever been reported in any clinical study relating to the vaccine technology. Additional preliminary data shows ProscaVax to provide a meaningful clinical benefit to prostate cancer patients. These data include:
Based upon the lack of toxicity and compelling immunological data collected, OncBioMune is continuing the Phase 1a trial and incorporating the Phase 1b of ProscaVax into a Phase 2 trial in prostate cancer patients at presentation of the disease, rather than relapse. Over 200,000 patients will be diagnosed with prostate cancer this year. Early stage prostate cancer patients have very limited therapeutic options and no FDA approved treatments that are not accompanied by well-known high levels of morbidity.
"The Phase 1a study has provided us with what we need to move into a Phase 2 clinical trial of ProscaVax by further validating the safety of ProscaVax and signs of efficacy with respect to increase immune responses to PSA. This points us squarely at focusing on early stage prostate cancer patients, which happens to be the largest market and an area of significant unmet medical need," commented Dr. Jonathan Head, Chief Executive Officer at OncBioMune. "To the best of our knowledge, we will be the only company evaluating a prostate cancer vaccine in a mid-stage trial for patients in the active surveillance population. We are excited about commencing the Phase 2 trial and hopeful ProscaVax can one day be the go-to therapy of choice for early stage prostate cancer patients."
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About OncBioMune Pharmaceuticals, Inc.
OncBioMune Pharmaceuticals is a clinical-stage biopharmaceutical company engaged in the development of novel cancer immunotherapy products, with a proprietary Vaccine Technology that is designed to stimulate the immune system to attack its own cancer while not hurting the patient. Our lead product, ProscaVax™ is scheduled to commence a Phase 2 clinical study in 2016. OncBioMune also has a portfolio of targeted therapies, some of which are biosimilars to blockbuster drugs. OncBioMune is headquartered in Baton Rouge, LA.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in this offering, nor there be any sale of these securities in any jurisdiction in which such offer solicitation or sale are unlawful prior to registration or qualification under securities laws of any such jurisdiction.
This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks, uncertainties and assumptions that could cause OncBioMune Pharmaceuticals' actual results and experience to differ materially from anticipated results and expectations expressed in these forward looking statements. OncBioMune Pharmaceuticals has in some cases identified forward-looking statements by using words such as "anticipates," "believes," "hopes," "estimates," "looks," "expects," "plans," "intends," "goal," "potential," "may," "suggest," and similar expressions. Among other factors that could cause actual results to differ materially from those expressed in forward-looking statements are OncBioMune Pharmaceuticals' need for, and the availability of, substantial capital in the future to fund its operations and research and development; the fact that OncBioMune Pharmaceutical's vaccines and therapeutics may not successfully complete pre-clinical or clinical testing, or be granted regulatory approval to be sold and marketed in the United States or elsewhere. A more complete description of these risk factors is included in OncBioMune Pharmaceutical's filings with the Securities and Exchange Commission. You should not place undue reliance on any forward-looking statements. OncBioMune Pharmaceuticals undertakes no obligation to release publicly the results of any revisions to any such forward-looking statements that may be made to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events, except as required by applicable law or regulation.
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