Advaxis (OTCBB: ADXS) Announces Collaboration with the Karolinska Institutet

Orlando, FL 4/9/12 (StreetBeat) -- Advaxis, Inc., (OTCBB: ADXS), a leader in developing the next generation of immunotherapies for cancer and infectious diseases, announced that it has entered into a research collaboration with Professor Marianne van Hage, research group leader and Head of the Clinical Immunology and Allergy Unit and Vice Head of the Department of Medicine at Karolinska Institutet in Stockholm, Sweden. The purpose of this collaboration is to evaluate the potential of Advaxisimmunotherapies to treat and prevent allergies in established scientific models of allergic diseases.

Prof. Marianne van Hage’s research is focused on further understanding the molecular mechanisms of underlying allergic disease and the function of allergens, and to develop new diagnostic markers and new strategies for vaccination. Her work using cat allergy as a model system has resulted in significant insights and understanding to develop treatments and prevention options for allergic responses. Prof. van Hage will be using Advaxis immunotherapies to develop allergy treatments using the models she and her team have developed. If successful, this work may be applied to other allergic diseases.

“The Karolinska Institutet is a world-renowned group of researchers and we are pleased that our immunotherapies may help to better understand allergic responses and potentially provide additional prevention and treatment options,” said Advaxis Chairman/CEO Thomas A. Moore.

“We are very excited about the collaboration with Advaxis and hope to develop an efficient and safe vaccine for cat allergy, which could lead to other allergy treatments in the future,” commented Prof. Marianne van Hage.

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Advaxis (OTCBB: ADXS) Low Dose Cohort 1 Meets 50% Efficacy Target In CIN 2/3

Tallahassee, FL 2/27/12 (StreetBeat) -- Advaxis, Inc., (OTCBB: ADXS), a leader in developing the next generation of immunotherapies for cancer and infectious diseases, has completed the first of 3 dose cohorts in the single blind, placebo controlled Phase 2 dose escalation study assessing the safety and efficacy of ADXS-HPV in the treatment of cervical intraepithelial neoplasia (CIN) 2/3. CIN 2/3 is the precursor to cervical cancer. Approximately 500,000 women in the U.S. are diagnosed with CIN 2/3 annually with most women requiring surgery to remove the lesion. The goal of this treatment is to prevent progression to cervical cancer and to eliminate the need for surgery and subsequent obstetric risks.

Results of Cohort 1:
• 52% of CIN 2/3 lesions regressed from CIN 2/3 to CIN 1 or normal in the ADXS-HPV arm. This means surgery is no longer required. The dose in cohort 1 is about 1/20th of the dose being used in trials of ADXS-HPV in cervical cancer.
• Achieving a 50% regression rate with the lowest dose tested is encouraging as The American Academy of Clinical Research’s Task Force on the Treatment and Prevention of Intraepithelial Neoplasia concluded that “…50% objective regression rate with a new treatment agent is considered clinically meaningful.” Further, “An improvement in CIN 2/3 to either pathologically normal cervix or of CIN 3 to CIN 1, with no new CIN 2/3 lesions appearing in at least 50% of the treated patients, is evidence of clinical benefit of the new agent.” (O’Shaughnessy, et al 2002, CCR, 8:314).
• 40% of CIN 2/3 lesions spontaneously regressed in the placebo arm. This is within the range reported in the scientific literature of 35%-43% (Wright, et. al. 2003. Am J Obstet Gynecol, Am. J. Obstet. Gynecol. 289:295).
• Less than 1/3 (29%) of the patients treated reported any side effects associated with treatment. Those that occurred were mild and self-resolved or responded quickly to treatment.
• No SAEs (serious adverse events) were reported.

This study is enrolling at several sites in the U.S. with a target enrollment of 120 patients across the 3 dose cohorts. Enrollment in cohort 2 (the mid dose) is 75% complete and is expected to report in early Q4 2012.

“This is an encouraging start to this study, especially at this low dose,” commented Dr. John Rothman, Executive Vice President of Science and Operations. “With cohort 2 dosage 6 times higher and cohort 3 dosage 20 times higher, we are anticipating higher response rates with continued safe administration.”

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$6M in New Capital for ADXS Stock

Dallas, TX 5/9/2011 (PennyPayDay) -- Advaxis, Inc., (OTC:ADXS) announced today, in a press release, that it has entered into a definitive convertible notes purchase agreement with certain accredited investors, for the purchase of the aggregate principal value of approximately $7.1 million of convertible promissory notes for an aggregate purchase price of approximately $6.0 million.

The closing of the sale of the Notes, under the Agreement, is anticipated to occur on or about May 12, 2011, subject to customary closing conditions.

The Notes have an original issue discount of 15% and mature on the one year anniversary of the issue date. Under the terms specified therein, the Notes are convertible, in whole or in part, into common stock at a conversion price of $0.15. However, except as otherwise provided in the Notes, only 85% of the initial principal amount of each Note is convertible at any time after issuance and the remainder is convertible at maturity.

In connection with the Agreement, the Company issued a warrant to each investor to acquire up to such number of shares of Common Stock equal to 50% of such number of Conversion Shares, issuable upon exercise of the Note, issued to such Investor as of the Closing Date with an exercise price of $0.15.

“This financing will support our operations and our Phase II clinical trials in cervical cancer and cervical dysplasia through initial data reporting this Fall,” commented Advaxis Chairman/CEO Thomas A. Moore. “This also keeps us on track to finish GMP manufacture of the prostate and breast cancer versions of our novel immunotherapeutic platform technology.”

Rodman & Renshaw, LLC, a subsidiary of Rodman & Renshaw Capital Group, Inc., (NASDAQ:RODM), acted as the exclusive placement agent for the transaction. For more information, please visit www.rodm.com.

Advaxis is a biotechnology company developing proprietary, live but attenuated Listeria monocytogenes (Listeria) vaccines that deliver engineered tumor antigens, which stimulate multiple, simultaneous immunological mechanisms to fight cancer. Our platform technology was developed by Dr. Yvonne Paterson at The University of Pennsylvania.

For more information, pleas visit: www.advaxis.com.

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