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NexImmune Acquired by a Consortium of Private Investors Led by Former Celgene and Medtronic CEOsGAITHERSBURG, Md., Feb. 14, 2017 (GLOBE NEWSWIRE) -- NexImmune, a biopharmaceutical company developing novel immuno-therapeutics based on the Artificial Immune (AIM™) nanotechnology platform, today announced the completion of the acquisition of the company by a consortium of private investors led by Dr. Sol J. Barer (Chairman, Teva; former Chairman and CEO, Celgene), Joshua Barer (Managing Director, Sunflower Life Sciences), William A. Hawkins (former Chairman and CEO, Medtronic), and other private investors. NexImmune’s AIM technology, originally developed by Dr. Jonathan Schneck and Dr. Mathias Oelke at the Johns Hopkins School of Medicine, was licensed from The Johns Hopkins University and is currently being applied in the field of immuno-oncology. Specifically, the AIM technology deploys a novel process that simultaneously enriches, expands and activates multiple antigen-specific T cells that can be directed against a variety of tumor-relevant antigens, including shared tumor-associated antigens or patient-specific neoantigens. “I am excited to support NexImmune’s advancement of this important immunotherapy-based technology,” stated Dr. Barer, the lead investor in the acquisition. “I believe that the AIM nanotechnology platform has the potential to deliver the next generation of immuno-oncology treatment, bringing new hope to patients suffering from many types of malignancies.” NexImmune also appointed a new Board of Directors, including:
Dr. Spiegel, who currently serves as a director to several large and small biotechnology companies, and has held executive positions at industry leading pharmaceutical and biotechnology companies, said, “We look forward to advancing NexImmune’s AIM technology into early clinical development, and are excited about the potential advance it may represent in the rapidly expanding immuno-oncology field and in other immune-mediated disease areas.” About NexImmune Contact Scott Carmer Chief Operating Officer, NexImmune [email protected] |