PnuVax awarded $29.4 million grant to advance innovative vaccine into clinical trials

Use of PnuVax’s unique patented conjugation platform technology to produce the vaccine is expected to speed up biomanufacturing and increase yield for a greatly reduced per-dose cost.

Despite the current commercial availability of pneumococcal conjugate vaccines, pneumonia remains the single leading cause of death for children under 5 years of age worldwide. “Children are still dying of preventable diseases such as pneumonia worldwide, largely due to high dosage costs and supply shortages that can thwart delivery to developing countries,” said PnuVax Co-Founder Jonas Elliott Gerson.

PnuVax’s vaccine provides coverage against multiple serotypes, or distinct variations, of the pneumonia-causing pneumococcus bacterium. Use of PnuVax’s unique patented conjugation platform technology to produce the vaccine is expected to speed up biomanufacturing and increase yield for a greatly reduced per-dose cost. PnuVax plans to manufacture its vaccine in Montreal, Canada using innovative methods to create a low-cost product to be distributed to the developing world via Gavi, the Vaccine Alliance and Unicef, to the world’s poorest communities, significantly increasing access.

“Creating a healthy marketplace for vaccines is crucial to our efforts to protect every child through immunization,” said Dr Seth Berkley, CEO of Gavi, the Vaccine Alliance, “That’s why this grant to a potential new and innovative supplier is so important. Gavi has now helped 58 countries to introduce pneumococcal vaccine since our support started in 2009 and coverage is steadily increasing. This vaccine is at the forefront of our fight against pneumonia."

Donald F. Gerson, PnuVax CEO, said: “PnuVax is delighted to partner with the Bill & Melinda Gates Foundation to develop and evaluate this needed vaccine during our upcoming early stage clinical trials. Once licensed, this vaccine is expected to increase supply of low-cost pneumococcal conjugate vaccine on a global scale.”

In addition to aiding the international community, PnuVax also intends to provide this vaccine to Canadians at a reduced cost, especially those in communities most in need. PnuVax Co-Founder Allison Turner said: “Pneumonia remains a significant problem in many of Canada’s Northern communities and one of PnuVax’s specific objectives, in addition to serving the developing world, is to help reduce the incidence of childhood pneumonia in Canada.”

PnuVax’s platform technology can be used in the manufacture of vaccines for a broad range of infectious diseases. Prior to the current funding, PnuVax received two grants from the Bill & Melinda Gates Foundation for the pre-clinical development of their vaccine.