CEL-SCI Corporation (CVM): Significant Potential, but a Long Way from Results
NEW YORK, March 27, 2014 /PRNewswire/ -- Across the globe, there are over 13 million new cancer cases each year. By 2030, it is estimated by the International Agency for Research on Cancer (IARC) that there will be approximately 21.4 million new cancer cases and 13.2 million cancer deaths worldwide. Some of the more common (and deadly) forms of cancer are head and neck cancer, which account for approximately 600,000 new cases worldwide each year and result in a five-year survival rate of around 30%. One company that is actively trying to fight this disease is CEL-SCI Corporation (NYSE-MKT: CVM).
CEL-SCI Corporation (CVM) is engaged in the research and development of drugs and vaccines, and is currently in a Phase III clinical trial directed at using the immune system to produce an anti-tumor immune response against primary head and neck cancer. Multikine (Leukocyte Interleukin, Injection) has been cleared by regulators in eleven countries around the world, including the FDA in the US, for this Phase III trial following encouraging results from both Phase I and II trials. Multikine is a different kind of investigational therapy in which immunotherapy is given to cancer patients first (prior to them receiving any conventional treatment for cancer, i.e. surgery, radiation, and/or chemotherapy).
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