TORONTO, April 18, 2016 – ImmunoBiochem Corporation, a Canadian biopharmaceutical company developing novel Antibody Drug Conjugates (ADCs), and the Centre for the Commercialization of Antibodies and Biologics (CCAB) have partnered to develop new therapeutics for the treatment of breast cancer and other solid tumors. Under the collaboration agreement, which also grants ImmunoBiochem an option for the exclusive licensing of new intellectual property, CCAB is supporting the development of fully-human therapeutic antibodies against ImmunoBiochem’s lead cancer target. ImmunoBiochem will then engineer the new antibodies into ADCs and intends to complete their preclinical development and take the new molecules into the clinic. The highest priority is to make new treatment options available for patients with triple-negative breast cancer (TNBC) – a significant unmet medical need. TNBC, testing negative for hormone receptors and HER2, represents 15-20% of invasive breast cancers, is an aggressive disease with poor survival, and does not respond to major therapies.