VBI Vaccines Inc.
NASDAQ : VBIV
TSX : VBV

VBI Vaccines Inc.

August 22, 2016 08:30 ET

VBI Vaccines to Continue Enrolling Participants in the Phase I Trial of its Preventative Cytomegalovirus Vaccine Candidate Following Successful Data Safety Monitoring Board Review

CAMBRIDGE, MASSACHUSETTS--(Marketwired - Aug. 22, 2016) - VBI Vaccines Inc. (NASDAQ:VBIV) (TSX:VBV) ("VBI") today announced that, following a review of safety data from the limited safety immunization period, the Data Safety Monitoring Board ("DSMB") has no objection to VBI continuing with the enrollment of participants across all sites and dose groups in the Phase I clinical study to evaluate its preventative cytomegalovirus ("CMV") vaccine candidate.

"We are grateful to the DSMB for their oversight of this study and pleased to continue enrollment as planned," said Dr. Francisco Diaz-Mitoma, M.D., Ph.D., VBI's Chief Medical Officer. "We are encouraged by the progress we are making in the Phase I trial, which is expected to last 20 months with preliminary results anticipated in the first half of 2017."

The Phase I study is designed to assess the safety and tolerability of VBI's CMV vaccine candidate in approximately 125 healthy CMV-negative adults. The study will also measure levels of vaccine-induced CMV neutralizing antibodies that may prevent CMV infection. VBI will continue to share clinical trial safety data with Health Canada periodically throughout the study. Additional information, including a detailed description of the study design, eligibility criteria, and investigator sites, is available at ClinicalTrials.gov using identifier NCT02826798.

CMV can cause serious disease in newborns when a mother is infected during pregnancy. Each year, approximately 5,000 U.S. infants will develop permanent problems due to CMV, which can include deafness, blindness, and mental retardation(1). CMV affects more live births than Down syndrome or fetal alcohol syndrome(2), making it a key public health priority and a strong candidate for recommended universal vaccination and reimbursement(3).

"Congenital CMV infection is a leading cause of serious birth defects in the U.S. and globally," said Jeff Baxter, VBI's President and CEO. "Each year, thousands of newborns and their families are impacted by this devastating disease. We believe that developing a vaccine to prevent CMV offers the best chance of substantially eliminating congenital CMV infection and the resulting birth defects."

To learn more about VBI's CMV vaccine program, visit: http://www.vbivaccines.com/cmv/

(1) http://www.cdc.gov/cmv/trends-stats.html
(2) Cannon, M. J., and K. F. Davis. 2005. Washing our hands of the congenital cytomegalovirus disease epidemic. BMC Public Health 5:70
(3) Stratton KR et al, Committee to Study Priorities for Vaccine Development, Inst. of Med.; Washington, DC

About VBI Vaccines Inc.

VBI Vaccines Inc. ("VBI") is a commercial-stage biopharmaceutical company developing a next generation of vaccines to address unmet needs in infectious disease and immuno-oncology. VBI's first marketed product is Sci-B-Vac™, a hepatitis B vaccine that mimics all three viral surface antigens of the hepatitis B virus; Sci-B-Vac is approved for use in Israel and 14 other countries. VBI's eVLP Platform technology allows for the development of enveloped ("e") virus-like particle ("VLP") vaccines that closely mimic the target virus to elicit a potent immune response. VBI is advancing a pipeline of eVLP vaccines, with lead programs in cytomegalovirus and glioblastoma multiforme. VBI is also advancing its LPV™ Thermostability Platform, a proprietary formulation and process that allows vaccines and biologics to preserve stability, potency, and safety. VBI is headquartered in Cambridge, MA with research operations in Ottawa, Canada and research and manufacturing facilities in Rehovot, Israel.

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Cautionary Statement on Forward-looking Information

Certain statements in this news release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 or forward-looking information under applicable Canadian securities legislation (collectively, "forward-looking statements") that may not be based on historical fact, but instead relate to future events, including without limitation statements containing the words "believe", "may", "plan", "will", "continue", "anticipate", "expect" and similar expressions. All statements other than statements of historical fact included in this release are forward-looking statements. Such forward-looking statements include, but are not limited to: the design and purpose of the study and the potential effects of CMV.

Such forward-looking statements are based on a number of assumptions, including assumptions regarding the successful development and/or commercialization of the company's products, including the receipt of necessary regulatory approvals; general economic conditions; competitive conditions; and changes in applicable laws, rules and regulations.

VBI cautions the reader that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and VBI has made assumptions and estimates based on or related to many of these factors.

Given these risks, uncertainties and factors, you are cautioned not to place undue reliance on such forward-looking statements and information, which are qualified in their entirety by this cautionary statement. All forward-looking statements and information made herein are based on the company's current expectations, and the company undertakes no obligation to revise or update such forward-looking statements and information to reflect subsequent events or circumstances, except as required by law.

Contact Information

  • VBI Vaccines Inc.
    VBI Contact
    Perri Maduri
    Communications Executive
    (617) 830-3031 x124
    ir@vbivaccines.com

    VBI Vaccines Inc.
    VBI Investor Contact
    Nell Beattie
    Director, Corporate Development and Investor Relations
    (617) 830-3031 x128
    nbeattie@vbivaccines.com