Pharmaceutical Business review

Formula to raise financing for leukemia vaccine Phase II trials

The leukemia vaccine will be used during first remission for acute myeloid leukemia and other aggressive cancers.

Earlier Phase I study showed a survival benefit of 54 months when the vaccine was added to the standard of care, reports medcitynews.com.

Formula co-founder Giorgio Mosconi said if approved, the vaccine would be the first on the market to keep Acute Myeloid Leukemia in remission.

"We believe we are approaching cancer treatment in a new way," Mosconi added.

Formula Pharmaceuticals develops vaccines for elderly acute lymphocrytic leukemia, mesothelioma and ovarian cancer.