Innovest Global Acquires Stake in StemVax Therapeutics

Innovest Global Inc. launched its anticipated Biotechnology & Health Services Division with the acquisition of a twenty percent interest in StemVax Therapeutics, a Translational Biotechnology Company that is currently developing a cancer vaccine therapy that enhances the patient’s immune response against brain tumors.

StemVax Glioblast (SVX-GB) is a cancer vaccine, which is a medication that stimulates or restores the immune system’s ability to fight an existing cancer by strengthening the body’s natural defenses against the cancer cells. It is a meaningful technology, which could significantly improve the quality of life and prognosis for the many people who suffer from brain tumors.

Different than Innovest’s wholly owned operating companies, the StemVax business model is one that enables Innovest to have a stake in potentially valuable intellectual property, which StemVax will attempt to proliferate by licensing to well established health research organizations experienced with taking such products to market.

Dr. Dwain Morris-Irvin, President of Innovest’s new Biotechnology & Health Services Division, founded StemVax in 2014, and is its Chief Science Officer. “I am extremely excited to be launching this Division. We have spent a lot of time working to ensure it has the elements we feel will best position it for success, and starting with StemVax is very exciting,” said Dr. Morris-Irvin. Dan Martin, CEO of Innovest Global echoed those comments and added, “Scientists and health professionals face difficult and unique challenges when considering how to advance their efforts in a commercial environment. Our Biotechnology & Health Services Division, under Dwain’s leadership, is the perfect bridge. StemVax has remarkable technology that has the potential to achieve breakthrough results for patients and is the perfect starting point.”