Home Add to Favorite Contact Submit  
           19 October, 2019


    
Category:  Press » Finances

 

Jennerex Completes Over-Subscribed Series C Financing for Aggregate Gross Proceeds of Over $5.5 Million

Popularity:
         Views: 1298
2009-09-19 00:17:10     
Jennerex, Inc.

Jennerex, Inc. (San Francisco, CA and Ottawa, Ontario), a clinical stage biopharmaceutical company developing a proprietary breakthrough product class of targeted oncolytic virus therapeutics, today announced the Second and final closing of a private placement financing with aggregate gross proceeds of US $5,611,475, exceeding the target of US $5 million.

As previously reported, the net proceeds of the private placement will be used to continue advancing the Company's clinical development programs with the lead product JX-594. Key value creating milestones planned for the next 12 months include completion of a randomized Phase II trial in liver cancer, followed by initiation of a pivotal Phase III trial in liver cancer. In addition, Jennerex plans to complete a Phase I trial in solid cancers (including lung and colorectal), followed by initiation of a Phase II colorectal cancer trial. Proceeds will also be used for manufacturing, general corporate purposes and to augment working capital.

"This Series C was a success due both to continued investment from many of our current Shareholders, as well as support from a number of important new investors. We are particularly pleased to welcome the Ottawa Regional Cancer Foundation as a significant new investor," said David H. Kirn, M.D., President and CEO. "Jennerex and the Foundation share a common vision of extending and preserving the lives of patients with cancer. We also share a common commitment to build on the great strength of biological research and world-class facilities at the Ottawa Hospital Research Institute (OHRI). The Cancer Foundation's participation will further support and extend the scope of joint research and development activities being undertaken in partnership with Jennerex at the OHRI, including expansion of manufacturing and clinical trial activities," said Dr. Kirn.

About Jennerex

Jennerex is a clinical-stage biopharmaceutical company focused on the development and commercialization of first-in-class, breakthrough targeted oncolytic products for cancer. The Company's lead product JX-594, currently in an international randomized Phase II clinical trial for patients with primary liver cancer, demonstrated promising Phase I efficacy and safety results in patients with a diverse array of common large market cancers. Jennerex's products target, attack and eradicate cancers through a novel and potent oncolytic mechanism that is dependent on highly-specific replication of the Company's poxviruses in cancer cells. These products simultaneously shut-off the blood supply to tumors, as well as stimulating the body's immune response to the cancer. Jennerex Biotherapeutics is headquartered in San Francisco and has manufacturing, research and development activities based at the OHRI in Ottawa, Canada.

About the Ottawa Regional Cancer Foundation

The Ottawa Regional Cancer Foundation is dedicated to increasing cancer survivorship in Eastern Ontario and works to fill the gaps in services. The Cancer Foundation aims to reduce wait times, increase access to the latest therapies, provide care closer to home and improve quality of life for cancer patients and their families.

About the Ottawa Hospital Research Institute

The Ottawa Hospital Research Institute (OHRI) is the research arm of The Ottawa Hospital and is an affiliated institute of the University of Ottawa, closely associated with the University's Faculties of Medicine and Health Sciences. The OHRI includes more than 1,300 scientists, clinical investigators, graduate students, postdoctoral fellows, and staff conducting research to improve the understanding, prevention, diagnosis and treatment of human disease.

Specialized in: Jennerex - Over-subscribed Series - C Financing - Aggregate Gross
URL: http://www.ohri.ca
Print press release      Bookmark this page
Related Press releases 
California Cannabis Insurance Company Explains Marijuana Surety Bonds (Popularity: ): Los Angeles, California ( press.abc-directory.com ) May 20, 2019 - MFE Insurance, a California cannabis insurance company, recently released a blog discussing the use of surety bonds for marijuana dispensaries. While there is no single surety bond available for the industry on a national basis, states require medical and recreational dispensaries to carry various types of bonds before they can begin operation.Surety bonds provide a financial guarantee that the bond ...
E&O Insurance Policies Explained By Fairfax Health Insurance Brokers (Popularity: ): Fairfax, Virginia ( press.abc-directory.com ) February 27, 2019 - The Fairfax health insurance brokers at BBG Broker recently published a blog explaining the purpose of E&O insurance policies and why certain businesses should carry it. Certain industries require it, but it may be beneficial even for those that do not.E&O, or errors and omissions insurance, is a type of professional liability insurance. It protects companies and their employees against claims ...
LA Specialty Insurance Agency Discusses Dram Shop Liability Insurance (Popularity: ): Los Angeles, California ( press.abc-directory.com ) February 5, 2019 - MFE Insurance, a Los Angeles specialty insurance agency, recently released a blog educating readers on the benefits of dram shop liability insurance. Having this type of insurance can protect establishments from costly legal expenses and prevent financial issues.Dram shop laws in 38 states stipulate that a business that sells alcoholic drinks or a host who gives liquor to a person ...
RotenbergMeril Announces New Partner Ann Callari (Popularity: ): Saddle Brook, NJ, August 5, 2014 – RotenbergMeril, a top-ranked independent accounting firm in the New York metropolitan area, is proud to announce that Ann Callari has been named partner. Ms. Callari, who founded and leads the firm’s tax department, brings more than 20 years of experience in public accounting and 16 years of experience as a dedicated tax professional to RotenbergMeril. She handles all aspects of clients’ tax compliance, ...
Comark Appoints Corporate Controller (Popularity: ): Medfield, MA - June 16, 2014 -- Comark is pleased to announce that Janet Clark has been promoted to Corporate Controller, reporting to CFO, Ruben Klein. Janet has been responsible for managing the accounting and finance activities since joining the company in 2000. She has over twenty-five years of experience in finance, human resources and customer service, within the manufacturing, banking and service industries.About Comark Comark designs and manufactures high-performance, ruggedized ...

Press release home snapshot 


Related Business 
Bod Incubator Manufacturer (Popularity: ): One of the preeminent bod incubator manufacturing & supplying company, involved in providing hot products like aggregate testing equipment, aggregate impact apparatus, aggregate crushing value, cement testing equipments and so on.
Historical Corpus of Spanish (Popularity: ): Searchable 100 million word database includes 20 million words from the 1200s-1400s, 40 million from the 1500s-1700s, and 40 million from the 1800s-1900s.
Super Stoneslinger (Popularity: ): Manufacturer of aggregate placement technology. The conveyor system places aggregate up to 70 feet from the truck.
DKT India (Popularity: ): DKT India is an affiliate of DKT International, USA. It was established in 1992. Since 1989, the nonprofit organization DKT International has been promoting family planning and HIV/AIDS prevention. DKT has 19 programs in 18 countries and in 2011 provided and sold 650 million condoms, more than 72 million cycles of oral contraceptives, and over 14 million injectable contraceptives, 1 million IUDs, and 12 million misoprostol pills. Last year, DKT’s ...
PG-L Paul Gross website (Popularity: ): Paul Gross, Canadian actor, writer, singer and producer. FAQ, latest news, Hamlet, Men With Brooms, music, comedy, WWI, PG-L mailing list.
World Series Racing Championship (Popularity: ): The official site of racing's world series of top races including the Dubai World Cup, Royal Ascot, and the Arlington Million.
Telsmith, Inc. (Popularity: ): Manufacturer of portable, modular and stationary equipment for the aggregate and mining industries, including crushers (jaws, cones, impact, VSI, Rap), screens, conveyors, feeders and aggregate washing.
Elrus Aggregate Systems (Popularity: ): Manufacturer of custom portable systems for the aggregate, mining and recycling industries.
Mason Gross School of the Arts (Popularity: ): The arts conservatory of Rutgers, The State University of New Jersey, Mason Gross is a community of artists who study, teach, exhibit, and perform together.
Glass Aggregate Manufacturing and Engineering, Inc. (Popularity: ): Manufactures recycling equipment for conversion of glass into non-sharp aggregate for sandblasting, glasphalt, landfill covers, concrete, water filtration, drainage, and landscaping.