Well, you've just described nearly all immunotherapy cell based compounds.. Either antibody or cytokine, their targeting cell surface molecules, and some checkpoint/pathway etc.. They can all say that, and many do..
Targeting PS, and its immuno association, then calling it a checkpoint pathway, is no different than BMY categorizing anti-PD1 as a checkpoint inhibitor, IMO..
If I were Peregrine, I would have just stuck with "Anti-PS targeting" and left it at that. I get your point and have said the same over on the PPHM board. However, my point being, there is no correct answer..
Who is behind the switch? Who doe not want the PII trial to success? If the science is questionable, there is no need to take the risk to tempt the PII, IMO.