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Imugene director Charles Walker makes another share purchase

The company is developing a range of treatments to activate the immune system of cancer patients.

Imugene Ltd - Imugene non-executive director Charles Walker makes another share purchase
Walker now holds 28,523,210 shares in the company

Imugene Limited (ASX:IMU) non-executive director Charles Walker has made an indirect purchase of 172,500 shares in the company.

The purchase for 16.5 cents per share by a director related entity brings Walker’s total securities to 28,523,210 (direct and indirect holdings).

Managing director and chief executive officer Leslie Chong also made two seperate share purchases; 400,000 shares at 2.2 cents per share and 475,240 at 1.8 cents per share.

She now holds 4,387,124 shares and 77,098,765 options in the company.

Immuno-oncology treatments

Imugene is focused on developing immuno-oncology treatments CF33 and PD1-Vaxx in first-in-human studies.

CF33 has been shown to efficiently shrink injected tumours and distant non-injected tumours in human triple-negative breast cancer, colon cancer, ovarian cancer xenograft models in mice without adverse effects.

The company’s PD1-Vaxx is a B-cell immunotherapy, peptide cancer vaccine designed to treat tumours such as lung cancer and will be trialled on patients in 2020.

The company is continuing enrolment of its HER-Vaxx phase-2 study, which is a therapeutic cancer vaccine for the treatment of gastric cancer and breast cancer with Phase 2 studies underway.

Quick facts: Imugene Ltd

Price: 0.046 AUD

ASX:IMU
Market: ASX
Market Cap: $206.55 m
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on 20/7/20

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