HOLON, Israel, June 22, 2016 /PRNewswire/ --
Compugen Ltd. (NASDAQ: CGEN), a leading predictive
therapeutic discovery company, today disclosed at the JMP Securities Life Science Conference in NY, COM701 as the lead monoclonal
antibody therapeutic candidate for the Company's CGEN-15029 target program. This antibody candidate is now undergoing preclinical
development activities in preparation for advancement to clinical trials, with an anticipated IND filing next year. CGEN-15029 is
one of multiple novel immune checkpoint targets discovered by the Company through the use of its unique in silico
predictive discovery infrastructure.
COM701 was selected from among multiple candidate antibodies for CGEN-15029, which were generated through various antibody
discovery technologies and screened at Compugen USA, Inc., the Company's wholly-owned subsidiary
in South San Francisco. This effort resulted in a collection of high affinity antibodies with the ability to block CGEN-15029
from binding to its ligand, and which demonstrated activation of T cells in functional studies. The selected hybridoma lead
antibody demonstrated potent, reproducible enhancement of T cell activation, consistent with the desired mechanism of action of
activating T cells in the tumor microenvironment to generate anti-tumor immune responses. COM701 was successfully humanized and
has advanced into preclinical development. Cell line development has been initiated for this antibody candidate, and the Company
has entered into agreements for the manufacturing and respective analytics of the therapeutic antibody.
The CGEN-15029 target was predicted in silico and experimentally confirmed to be a receptor-like checkpoint protein
expressed on immune cells, with restricted expression on T and NK immune cells, similar to PD-1. Experimental validation systems
established over the last two years have enabled Compugen to validate and advance multiple novel immuno-oncology targets, and
have allowed Compugen's scientists to show that this target is expressed in tumor-infiltrating T cells (TILs) in various solid
and hematologic cancer types. Over expression of CGEN-15029 was shown to decrease T cell activation, whereas inhibition of
CGEN-15029 by knocking down its gene resulted in increased T cell activation, indicating that this novel target is indeed an
immune checkpoint protein. With its established infrastructure, the Company is pursuing a number of immuno-oncology target
programs based on other Compugen-discovered targets in addition to CGEN-15029, and has two additional programs that are the
subject of an ongoing pharma collaboration.
Dr. Anat Cohen-Dayag, President and CEO of Compugen, explained, "Selection of COM701 as our
lead clinical candidate marks a new phase for Compugen, where we not only discover novel targets for immuno-oncology, but are now
positioned to advance our discoveries into preclinical and clinical development on our own. The rapid progress of the CGEN-15029
program, with extremely aggressive timelines from target discovery and validation to therapeutic antibody development, was made
possible in large part by the identification of CGEN-15029's binding partner and the expansion of the Company's immuno-oncology
R&D infrastructure. In parallel to the CGEN-15029 program, Compugen is using this infrastructure to pursue additional novel
immuno-oncology programs and is now positioned to advance them. In addition to the information disclosed today, the Company
intends to share further data with respect to the CGEN-15029 program and the status of its Pipeline Program in the coming
months."
About Compugen
Compugen is a leading therapeutic discovery company utilizing its broadly applicable predictive discovery infrastructure to
identify novel drug targets and develop first-in-class biologics. The primary focus of the Company's current pipeline is on
immune checkpoint target candidates discovered by the Company, potentially providing the basis for a next wave of therapeutics
for cancer immunotherapy. Compugen's business model is based on selectively entering into collaborations for its novel target
candidates and drug product candidates at various stages of research and development under revenue-sharing agreements. The
Company is headquartered in Israel, with R&D facilities in Israel and South San Francisco. At the US facilities, monoclonal antibody therapeutic candidates are
discovered and developed against the Company's novel target candidates. For additional information, please visit Compugen's
corporate website at http://www.cgen.com.
Forward-Looking Statement
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements can be identified by the use of terminology such as "will," "may," "expects," "anticipates,"
"believes," and "intends," and describe opinions about future events. These forward-looking statements involve known and unknown
risks and uncertainties that may cause the actual results, performance or achievements of Compugen to be materially different
from any future results, performance or achievements expressed or implied by such forward-looking statements. Among these risks:
Compugen's business model is substantially dependent on entering into collaboration agreements with third parties and may not be
successful in generating adequate revenues or commercializing aspects of our business model, and the development and
commercialization of therapeutic candidates involve many inherent risks, including failure to progress to clinical trials or, if
they progress to or enter clinical trials, failure to receive regulatory approval. These and other factors are more fully
discussed in the "Risk Factors" section of Compugen's most recent Annual Report on Form 20-F as filed with the Securities and
Exchange Commission as well as other documents that may be subsequently filed by Compugen from time to time with the Securities
and Exchange Commission. In addition, any forward-looking statements represent Compugen's views only as of the date of this
release and should not be relied upon as representing its views as of any subsequent date. Compugen does not assume any
obligation to update any forward-looking statements unless required by law.
Company contact:
Tsipi Haitovsky
Global Media Liaison
Compugen Ltd.
Email: tsipih@cgen.com
Tel: +972-52-598-9892
SOURCE Compugen Ltd.