Following a comprehensive analysis of potentially efficient and safe targets for Ewing Sarcoma, the JCLRI has hypothesized that the generation of CAR T-cells, armed with the iTANK platform and their ability to elicit a multi-targeted attack on solid tumors, can represent an efficacious and safe innovative approach for treatment of metastasized Ewing Sarcoma. Ewing Sarcoma is a difficult to treat cancer indication characterized by `immunologically cold' solid tumors containing an abundance of immunosuppressive cells.

"A central part of Elicera's strategy for iTANK is entering into partnerships like this. With the first agreement in the books - and hopefully more to be established - we have achieved an important company milestone," said Jamal El-Mosleh, CEO of Elicera. "We are thrilled that iTANK's potential to increase the efficacy of CAR T-cell therapies in solid tumors has caught the eye of highly respected research institutions like the JCLRI. Supporting research that gets us closer to an approved CAR T-cell therapy for use in solid tumors is important to us at Elicera. We look forward to supporting the JCLRI in their quest to identify an innovative treatment option for Ewing Sarcoma, whose difficult to treat solid tumors have given rise to an urgent demand for new therapeutic approaches."

The agreement does not grant the JCLRI any intellectual property rights to the iTANK-platform, and any patentable inventions arising from the project shall become the joint property of Elicera and the JCLRI.