Tailwinds’ Take: getting an abstract at ASCO is a coup for ITUS as it demonstrates the progress being made on their C-Chek platform. Data from the abstract will be available on January 22nd, three days before the conference starts, and could be a catalyst for the shares.
SAN JOSE, Calif., Dec. 6, 2017 /PRNewswire/ — ITUS Corporation (NASDAQ: ITUS) today announced that its abstract titled, “The coupling of MDSCs with a computational analytic method to detect solid tumors,” was accepted for presentation at the 2nd annual American Society of Clinical Oncology-Society for Immunotherapy of Cancer (ASCO-SITC) Clinical Immuno-oncology Symposium in San Francisco, CA. Myeloid-derived suppressor cells, or MDSCs, are a key group of white blood cells that form the foundation for ITUS’ liquid biopsy technology.
The presentation will focus on ITUS’ proprietary Cchek™ platform which couples immuno-oncology and artificial intelligence technologies to enable the detection of solid tumors from a blood sample. Contributing authors are Dr. Amit Kumar, Dr. George Dominguez, John Roop, Anthony Campisi, and Cyrus Sholevar of ITUS Corporation along with Alexander Polo, Dr. Dmitry Gabrilovich, and Dr. Frank Rauscher III, from The Wistar Institute.
“As discussed in recent public announcements, over the coming months we plan to increase our profile with the oncology scientific community, as well as the broader investment and biotechnology industry, via presentations of data and development status of our technologies. ASCO-SITC is an ideal place for us to begin the new year with an updated data presentation,” stated Dr. Amit Kumar, President and CEO of ITUS Corporation.
The symposium will be held on January 25-27, 2018, and will be attended by the leading scientific minds in the field of immuno-oncology from across the world. All abstracts for the Symposium are currently confidential, but will be released by ASCO on January 22, 2018 at 5:00 PM EST on abstracts.asco.org. To receive a copy of the presentation, please send your request to ASCO-SITC-2018@ITUScorp.com after January 26, 2017 and include your name, title, and contact information.
The ASCO-SITC Clinical Immuno-Oncology Symposium (https://immunosym.org) is a three-day meeting focused on clinical and translational research in immuno-oncology and the implications for clinical care.
ASCO (www.asco.org) was founded in 1964 and is the world’s leading professional organization for physicians and oncology professionals caring for people with cancer.
SITC (www.sitcancer.org) was found in 1984 and is the world’s leading member-driven organization specifically dedicated to improving cancer patient outcomes by advancing the science and application of cancer immunotherapy.
ITUS, a cancer-focused biotechnology company, is harnessing the body’s immune system in the fight against cancer. Its wholly owned subsidiary, Anixa Diagnostics Corporation, is developing the CchekTM platform, a series of non-invasive blood tests for the early detection of solid tumor based cancers, which is based on the body’s immunological response to the presence of a malignancy. Its majority owned subsidiary, Certainty Therapeutics, Inc., is developing CAR-T based immuno-therapy drugs which genetically engineer a patient’s own immune cells to fight cancer. ITUS also continually examines emerging technologies in complementary or related fields for further development and commercialization. Additional information is available at www.ITUScorp.com.
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