Brain and central nervous system (CNS) cancers often do not receive the same spotlight and level of awareness as other forms of the disease. However, decorated Arizona senator and former presidential candidate, John McCain’s recent diagnosis has brought brain tumors back to attention.
In July 2017, Senator John McCain was diagnosed with an aggressive form of brain cancer, glioblastoma. “Glioblastoma can be difficult to treat. Average survival for malignant glioblastoma tends to be about 14 months with treatment,” says Dr. Sanjay Gupta, a practicing neurosurgeon. Senator McCain has continued to undergo cancer therapies and treatments, such as chemotherapy and radiation.
ABTA: Estimated 80,000 New Cases of Primary Brain Tumors This Year
According to the American Brain Tumor Association, an estimated 80,000 new cases of primary brain tumors will be diagnosed this year. Another 17,000 people are estimated to lose their battle with a primary brain or CNS tumor this year.
Medical professionals continue to hope for a more advanced treatment against these aggressive forms of cancer, as chemotherapy and radiation are still the first-line treatment.
“The brain tumor community is very united in our quest for finding better treatments for our patients, and I think the progress will come through clearly planned and orchestrated clinical trials, looking at both approaches, immunotherapies … and appropriate uses of targeted therapies, which will go and attack the genes that drive a particular tumor,” says Dr. Manmeet Ahluwalia, a brain tumor oncologist and director of the brain metastasis program at the Cleveland Clinic in Ohio.
According to GBI Research, global revenues for the cancer vaccine market are forecast to grow from $2.5 billion in 2015 to $7.5 billion in 2022, which represents a compound annual growth rate (CAGR) of 16.93%.
One company that is actively engaged in the development of a glioblastoma brain tumor vaccine is Innovest Global, Inc. (OTC Pink: IVST).
IVST: Signed Letter of Intent to Acquire 20% of StemVax Therapeutics
Innovest Global, Inc. (OTC Pink: IVST) recently announced that it has signed a Letter of Intent to acquire a 20% stake of StemVax, LLC, a biotechnology company that is currently developing a brain cancer vaccine.
The StemVax Glioblast (SVX-GB) cancer vaccine is being designed to help stimulate the restoration of a patient’s immune system and its ability to fight against existing cancer cells in the body.
Dr. Dwain Morris-Irvin is not only the CEO of the new Innovest Biotechnology & Health Sciences Division, but he also the founder and CEO of StemVax, LLC.
“Innovest is uniquely equipped to provide immeasurably important elements to StemVax that kick things off for StemVax and dramatically improve its potential for success. This is true for other technologies we will encounter, as well. The best way I can show future scientists how Innovest can serve their mission, is to lead by example with my own company,” said Dr. Morris-Irvin. “Dan Martin (Innovest Global CEO) and I have been planning the business model for this division since 2017. It’s unique and will serve both technologists and Innovest well.”
There is no doubt that the demand is there for advanced treatments to fight against a wide range of diseases and ailments, such as brain and CNS cancers. As new technological breakthroughs allow medical professionals to conduct more thorough testing and experimentation, medications will continue to be more effective in treating and eliminating ailments once thought to be incurable.
Outside of biotechnology, Innovest Global, Inc. (OTC Pink: IVST) recently announced that its Innovest Energy Group has signed a Letter of Intent to acquire an energy business that is producing annual revenues of $1.2 million. The energy procurement acquisition target will provide the Energy Division with new technologies and synergies.
Once the energy acquisition is completed, Innovest Global, Inc. (OTC Pink: IVST) is estimated to report baseline quarterly revenues of $800,000. The Energy Division alone will have more than 300 commercial and industrial clients and puts Innovest Global, Inc. (OTC Pink: IVST) in perfect position while the company gets started on developing its Biotechnology & Health Sciences Division.
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