Pfizer takes major stake in new cancer immunotherapy company

13 December 2016

US pharma giant Pfizer (NYSE: PFE) has taken a 50% stake in a newly-formed company that will focus on the discovery and development of viral cancer vaccines.

Ignite Immunotherapy will work on targeted and proprietary next-generation intravenous oncolytic virus vaccines for the immunotherapy of cancer and says these biotherapeutics may be designed to be used in combination with immune checkpoint inhibitors.

"Our mission is to create intravenous oncolytic cancer vaccines that will be safe and highly effective in combination with immune checkpoint inhibitors"

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