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Industry Center - Biotechnology

Contact Information
Address: 2000 Hamilton St., Ste. 204
Philadelphia, PA 19130
Phone: 215-241-9760
Fax: 215-241-9684
Key People
CEO: Adele Sommerfeld
BOD: Andrew W. Dahl Sc.D.; Serge Morrell
 
 
AVAX Technologies wants to turn cancer cells into cancer fighters. The company is developing vaccines created by extracting a patient's own cancer cells and chemically treating them to induce an immune system response. The technology used to create the vaccines (called AC Vaccine) is licensed from Thomas Jefferson University. AVAX's lead vaccine candidate MVax is intended as a treatment for late-stage melanoma. The company is also developing vaccine candidates to fight ailments such as ovarian cancer (OVax) and non-small cell lung cancer (LungVax).
Business Summary  

AVAX Technologies, Inc., a development stage biotechnology company, together with its subsidiaries, engages in the development and future commercialization of individualized vaccine therapies and other technologies for the treatment of cancer in the United States and Europe. The company's autologous cell vaccine candidates include M-Vax under Phase III clinical status, which is used for the treatment of melanoma; L-Vax under Phase I-II clinical status that is used for the treatment of non-small cell lung cancer; and O-Vax under Phase I-II clinical status, which is used for the treatment of ovarian cancer. It also offers biological manufacturing services to other biotechnology and pharmaceutical companies; and contract manufacturing services in for cell and gene therapy, and biological products in France. AVAX Technologies, Inc. was founded in 1990 and is based in Philadelphia, Pennsylvania.

 


AVAX Technologies, Inc. Files Form 10 With SEC

Press Release Source: AVAX Technologies, Inc. On Friday February 4, 2011, 12:41 pm EST

PHILADELPHIA, Feb. 4, 2011 /PRNewswire/ -- AVAX Technologies, Inc. (Pink Sheets:AVXT.pk - News) ("AVAX" or the "Company") today announced that it filed a Form 10 with the Securities and Exchange Commission ("SEC").  Upon the effectiveness of this Form 10, AVAX will once again become a publicly reporting company.  The Company intends to seek to have its common stock trade on the Over-the-Counter Bulletin Board.

The Company's Form 10, which contains among other things, recent information about the Company's business, operations, financial results and capitalization, can be accessed through the website maintained by the SEC at www.sec.gov.

About AVAX Technologies, Inc.

AVAX Technologies, Inc. is a biotechnology company headquartered in Philadelphia, PA.   The Company is engaged in the research and clinical and commercial development of biological products and cancer therapeutics.

The Company's AC Vaccine platform is a therapeutic cancer vaccine.

Forward-Looking Statements

Certain statements in this release are "forward-looking" statements.   Forward-looking statements involve significant risks and uncertainties, and in light of the significant uncertainties inherent in such statements, the inclusion of such information should not be regarded as a representation by the Company that the objectives and plans of the Company will be achieved. In fact, actual results could differ materially from those contemplated by such forward-looking statements. These statements include, but are not limited to, the Company's immediate need to obtain additional funding to continue to finance the Company, the Company's plans, objectives, projections, expectations and intentions such as those relating to the future development of M-VAX® and its other vaccine candidates, as well as other important factors discussed in the Company's Form 10.   The Company does not undertake any obligation to release publicly any revisions to these forward-looking statements or to reflect the occurrence of unanticipated events. 


 

Press Releases & AVAX Information:

https://en.wikipedia.org/wiki/Avax_Technologies

2/4/2001: AVAX Technologies, Inc. Files Form 10 With SEC


http://www.ncbi.nlm.nih.gov/pmc/articles/PMC3551891/

http://www.ncbi.nlm.nih.gov/pubmed/22854662

http://www.clinicaltrials.gov/ct2/show/NCT00477906?term=MVax&rank=1

http://clinicaltrials.gov/show/NCT00660101

http://appft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PG01&s1=20130309271&OS=20130309271&RS=20130309271

http://www.biotechblog.org/Tags/cancer-treatment-centers-of-america/

http://www.thefreelibrary.com/AVAX+Technologies+Announces+Collaboration+with+Cancer+Treatment...-a0159564876

http://www.reuters.com/article/2014/01/08/ctca-trial-cancer-idUSnPnDChVKwJ+16d+PRN20140108

http://ih.advfn.com/p.php?pid=nmona&article=61013370

http://www.bizjournals.com/philadelphia/blog/health-care/2014/02/ovarian-cancer-vaccine-testing-expands.html

http://www.avax-tech.com/about/pdfs/avaxfactsheet.pdf

AVAX Announces Settlement Agreement with Cancer Treatment Centers of America and Approves $45 Million Private Placement Financing

 
By

Published: Aug 4, 2015 7:31 p.m. ET

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PHILADELPHIA, Aug 04, 2015 (BUSINESS WIRE) -- AVAX Technologies, Inc., (“AVAX” or “The Company”) (AVXT – OTCMKTS), a leading developer of proprietary cancer immunotherapy products, has signed a Settlement & Release Agreement with Cancer Treatment Centers of America Inc. (“CTCA”) to positively resolve the existing debt obligations owed to CTCA.

Under the terms of the Settlement Agreement, CTCA has agreed to settle its $5,826,464.73 Judgment against AVAX in exchange for 860,000 Series A Convertible Preferred Shares at a consideration of $5.00 per share, and a one-time payment of $1.5 million in cash. Firebird Management, a shareholder and a creditor of AVAX, has agreed to swap its outstanding debt for the Series A Convertible Preferred Shares also at a consideration of $5.00 per share.

Andrew Dahl, AVAX Board Member noted, “we are extremely happy to be able to move forward with the reorganization of AVAX’s balance sheet and look forward to re-commencing the important planned clinical trials at AVAX. Our previous work with CTCA on clinical programs has been very successful.”

Richard Rainey, Acting Chief Executive Officer of AVAX, stated, “We are pleased that throughout the development of our AC Vaccine® platform, all of our data has remained consistently positive and has supported further development of the treatment. We feel our immunotherapy platform is consistent with recently approved products and could be additive to the benefits achieved in helping patients with cancer.”

SGC Canada Inc., is acting on behalf of AVAX with its creditors in negotiating its informal restructuring plan. David Holden, the Senior Corporate Advisor of SGC states that “AVAX will be effectively debt-free once the Financial Restructuring & Refinancing Plan is completed.” The Board of AVAX has previously approved the engagement of Phoenix Corporate Finance Inc., a corporate finance firm which specializes in alternative financing, to advise, structure, and facilitate the distribution of a proposed Private Placement financing. through select securities dealers in the US and Canada. AVAX intends to raise $45 million to fund its next round of clinical testing through the issuance of the Series A Convertible Preferred Shares.


AVAX TECHNOLOGIES WEBSITE IS NOW ACTIVE:    WWW.AVAX-TECH.COM/
 

AVAX TECHNOLOGIES, INC APPOINTS NEW CEO: ADELE SOMMERFELD 10/19/2015
http://www.prnewswire.com/news-releases/avax-technologies-inc-announces-the-appointment-of-chief-executive-officer-300161646.html



 

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#1342  Sticky Note http://www.prnewswire.com/news-releases/avax-technologies-announces-results-of-i johnny canuck 01/26/16 07:32:21 PM
#1423   Minus 94% as of today. Rippin the guts Geoman1 06/23/16 05:58:45 PM
#1422   Apparently she left in May and they did Geoman1 06/22/16 03:13:54 PM
#1421   Unreal! Sommerfeld gone after only 9 months. Where Geoman1 06/22/16 12:22:18 PM
#1420   I have a bundle into this too and coco for cocoa puffs 06/21/16 12:13:54 PM
#1419   Yep, now down 93.2%. Be positive even if Geoman1 06/20/16 11:07:34 AM
#1418   quote: http://nextgenpersonalfinance.org/question-of-the-day-what-does-a-ceo-do- katter 06/17/16 05:01:34 PM
#1417   Weren't they supposed to raise $45 millions by medimpact 06/16/16 12:58:08 PM
#1416   Do you really believe that all the people katter 06/15/16 03:08:15 PM
#1415   Enjoy your retirement, be glad you made it katter 06/15/16 03:07:42 PM
#1414   i GOOGLED to try to help you geoman, katter 06/14/16 04:57:25 PM
#1413   At market close today I am now down Geoman1 06/13/16 04:33:13 PM
#1412   Just wonderful. 86.5% loss as of today on Geoman1 06/06/16 12:07:25 PM
#1411   Yeah, go baby....look where it is today! My Geoman1 05/26/16 01:58:58 PM
#1410   Go baby, go baby, go baby!!!!!!! :) johnny canuck 05/10/16 07:13:05 PM
#1409   WOW! I'm surprised. johnny canuck 05/03/16 05:40:25 PM
#1408   Could be MM head games. Waiting for EOD johnny canuck 05/03/16 02:28:23 PM
#1407   These people are driving this stock and company Geoman1 05/02/16 07:56:39 PM
#1406   Katter, I have put faaaaarrrr too much money Geoman1 05/02/16 01:30:56 PM
#1405   Geoman1 It would help if trades would go through katter 04/29/16 01:46:33 PM
#1404   Katter, it has been a long and frustrating Geoman1 04/27/16 01:30:05 PM
#1403   With family riddled with cancer I take this katter 04/23/16 02:45:37 PM
#1402   So they themselves can buy in low at Geoman1 04/23/16 12:24:01 AM
#1401   Now why did I suspect the crooked MM's johnny canuck 04/22/16 04:37:35 PM
#1400   I am starting my 19th year with this Geoman1 04/14/16 02:02:50 PM
#1399   Hope so. But based on their track record.... johnny canuck 04/14/16 08:38:51 AM
#1398   Over 200 million dumped into cancer research on Geoman1 04/13/16 07:20:21 PM
#1397   Gee, AVAX management. You sure have shown how johnny canuck 04/11/16 03:01:31 PM
#1396   Three injections containing the vaccine tencoin 04/08/16 09:59:01 AM
#1395   Somebody explain to me how a stock can Geoman1 04/05/16 06:15:21 PM
#1394   Question how do shorts cover can some explain Greene07 04/04/16 07:35:42 PM
#1393   Looks like there sitting on a tuffet with johnny canuck 04/04/16 01:56:38 PM
#1392   Cambridge University just released a commercial on their Geoman1 04/04/16 12:58:14 PM
#1391   Yup...... Slammed down pretty hard this morning. johnny canuck 04/04/16 11:09:14 AM
#1390   Ovarian cancer survivors ( AVAX ) : tencoin 04/04/16 08:13:17 AM
#1389   JC I've bought a lot of AVXT at Greene07 04/03/16 12:44:37 PM
#1388   Nice close to the week. Waiting for johnny canuck 04/03/16 08:15:05 AM
#1387   Unfortunately it's just like the Saturday night Lottery. johnny canuck 03/29/16 03:27:08 PM
#1386   PS except?????sorry...extremely upset...accept.... Geoman1 03/29/16 02:41:03 PM
#1385   Face kicked in once again today...down 20 G's Geoman1 03/29/16 11:24:27 AM
#1384   AND another little up-tick and BAM!!! down she johnny canuck 03/29/16 11:05:10 AM
#1383   Notice the short action this morning. First johnny canuck 03/29/16 10:09:53 AM
#1382   Short volume is because Mgt. SUCKS! johnny canuck 03/22/16 02:27:06 PM
#1381   quote March 18, 2016 katter 03/18/16 11:52:28 PM
#1380   Avxt....F U ! Geoman1 03/10/16 01:01:41 PM
#1379   This is really becoming one big bunch of Geoman1 03/07/16 08:09:53 PM
#1378   sorry, wrong board. johnny canuck 03/07/16 10:10:21 AM
#1377   BA BAM!!!!!!!! johnny canuck 03/07/16 09:08:11 AM
#1376   Yahoo group said: katter 02/27/16 07:58:23 PM
#1375   The pics are still very low quality...resolution and katter 02/27/16 07:41:36 PM
#1374   The stock of AVAX TECHS INCORPORATED (OTCMKTS:AVXT) registered katter 02/27/16 07:39:55 PM
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