VIENNA, Va.–(BUSINESS WIRE)–
CEL-SCI Corporation (NYSE MKT: CVM) today announced that it has signed a co-development and profit sharing agreement with Ergomed Clinical Research Ltd. for CEL-SCI’s investigational immunotherapy drug Multikine (“Leucocyte Interleukin Inj.”) in HIV/HPV co-infected women with cervical dysplasia. Human Papilloma Virus (HPV) is the most common sexually transmitted disease. HPV is a significant health problem in the HIV infected population as individuals are living longer as a result of greatly improved HIV medications. People living with HIV and others with compromised immunity are more at risk for HPV-related complications. Persistent HPV infection can also be a precursor to cervical cancer.

Under the terms of this agreement, Ergomed will assume 50% (up to $3 million) of the clinical and regulatory costs for the development of Multikine as a potential treatment for HIV/HPV co-infected women with cervical dysplasia. The full co-development program for Multikine must be jointly agreed to prior to implementation. Ergomed already has a similar co-development agreement for up to $10 million with CEL-SCI for the ongoing head and neck cancer Phase III clinical trial. Ergomed will receive its return on investment based on an agreed single digit percentage of any net income received by CEL-SCI for Multikine from sales in this and the head and neck cancer indications.

Miroslav Reljanovic, Chief Executive of Ergomed said, “We took over the largest part of CEL-SCI’s Multikine Phase III head and neck cancer study in April of this year and are now in the process of rapidly expanding the study to meet its recruitment goals. In the process of working on this Phase III study we have gained a level of comfort with Multikine that leads us to broaden our co-development collaboration with CEL-SCI into this new indication.”

Geert Kersten, Chief Executive of CEL-SCI said, “As the Phase III trial in head and neck cancer is now gaining momentum under the new guidance of Ergomed and another CRO, we are able to expand our Multikine development program to cover other unmet medical needs. HPV infection in immune-compromised HIV infected patients is clearly one of those areas in need of new treatments.”

The co-development program aims to follow up on the early results seen in a Phase I study, conducted at the University of Maryland, where the investigational therapy Multikine was given to HIV/HPV co-infected women with cervical dysplasia. In this study, investigational therapy Multikine was given to HIV/HPV co-infected women with cervical dysplasia resulting in visual and histological evidence of clearance of lesions. Furthermore, elimination of a number of HPV strains was determined by in situ polymerase chain reaction (PCR) performed on tissue biopsy collected before and after Multikine treatment. As reported by the study investigators, the study volunteers all appeared to tolerate the treatment with no reported serious adverse events associated with the Multikine treatment.

Cervical Intraepithelial Neoplasia (CIN) in HIV/HPV co-infected women:

Genital HPV infection is the most common sexually transmitted disease in both men and women. Usually, HPV infection does not cause overt signs or symptoms of disease, but some types of HPV cause cervical and anal intraepithelial neoplasia, or anal warts. Generally, HPV can be eliminated by an individual having a healthy immune system without treatment. However, certain HPV strains may cause persistent infection, which can lead to cancer. This is particularly evident in immune-compromised individuals, such as those who are HIV infected. Men and women who have HIV are therefore at a higher risk of developing these types of cancers, which include cancers of the cervix, vulva, vagina, penis and anus. Persistent HPV infection has been linked to development of cervical intraepithelial dysplasia/neoplasia (CIN) and high-grade CIN may become the precursor of cervical cancer.

About Multikine

Multikine, is an investigational immunotherapeutic agent that is currently being tested in a global Phase III clinical trial as a potential first-line treatment for advanced primary head and neck cancer. If approved for use following completion of CEL-SCI’s clinical development program for head and neck cancer, Multikine would be a different type of therapy in the fight against cancer; one that appears to have the potential to work with the body’s natural immune system in the fight against tumors. The Multikine Phase III study is enrolling patients with advanced primary, not yet treated, head and neck cancer on 3 continents around the world. The treatment with Multikine is intended to create an anti-tumor immune response to reduce local / regional tumor recurrence and thereby increase the survival of these patients. HPV has also been shown to be related to some head and neck cancers.

For more information, please visit www.cel-sci.com.

DES MOINES, IA–(Marketwired – Oct 16, 2013) – The SpendSmart Payments Company (PINKSHEETS: SSPC), a provider of prepaid payment programs, announced today it has agreed to acquire SMS Masterminds (“SMS Masterminds”), an innovator in the rapidly growing mobile marketing industry. SMS Masterminds provides SMS-based Mobile Loyalty Solutions primarily to small and medium sized businesses, addressing a worldwide mobile advertising market forecast to reach $11.3 billion in 2014, according to eMarketer.
SMS Masterminds’ multiple revenue streams include mobile commerce services, an excellent strategic fit for SpendSmart in the payments space. SMS Masterminds also has installed loyalty tablets at retail locations across the U.S., with plans to expand their nationwide rollout significantly in 2014. SpendSmart will leverage SMS Masterminds’ retail merchant network to promote existing and new prepaid card programs. The combined entities will also be positioned to market its portfolio of prepaid card solutions to the 1.2 million customers currently signed up for SMS Masterminds’ mobile loyalty programs.SMS Masterminds has been profitable every year since inception. In 2013, its first year of eligibility, SMS Masterminds ranked No. 731 on the 2013 Inc. 500|5000 list of fastest growing companies in America and ranked No. 66 on the list of Top Software Companies on the Inc. 500|5000.

“As mobile’s share of advertising budgets, customer relationship management, and e-commerce continues to grow, mobile has become a critical channel coupling marketing and payments for goods and services. This acquisition completes our ability to deliver a suite of products, services and marketing channels to both sides of the payments cycle — cardholders and merchants. It inherently points to a significant opportunity for SpendSmart where mobile marketing, loyalty and payment solutions intersect,” stated Bill Hernandez, President of The SpendSmart Payments Company. “We see an excellent long term opportunity where SpendSmart can be a key segment player in mobile marketing, loyalty and commerce. In the immediate and near term, we believe there are a broad range of benefits to our Company as a result of this acquisition including high-margin recurring revenues and the opportunity to offer our SpendSmart cards to SMS Masterminds’ 1.2 million subscribers as well as driving additional in-store sales and customer loyalty for SMS merchants.”

SMS Masterminds’ CEO Alex Minicucci commented, “We have profitably grown SMS Masterminds to a point where our company is ready to broaden our offering and our reach. As part of The SpendSmart Payments Company, we are creating synergies that we believe will further accelerate our growth rate. Mobile marketing is evolving into mobile commerce, which inherently calls for the integration of payment systems. Our entire team is very excited to capitalize on new market opportunities as part of The SpendSmart Payments Company.”

The closing of the asset purchase agreement is contingent upon the customary closing conditions, including, but not limited to the completion of due diligence.
For further information on the acquisition, please refer to the Company’s Form 8K filed with the Securities and Exchange Commission.

For more information, please visit: www.spendsmartcard.com

About The SpendSmart Payments Company

The SpendSmart Payments Company, Inc. (PINKSHEETS: SSPC) is making money smarter. The Company is expanding its prepaid debit card services from issuing its own cards to select user demographic segments, to the providing SpendSmart Program Manager services to third-party card issuers. The Company’s primary product, the SpendSmart Prepaid MasterCard for teens, offers resources to families with teens who want to learn responsible spending habits. The SpendSmart card provides its users with modern methods of developing financial literacy, centered around a card solution for parents who aim to guide their teens in making sensible, economic choices. The card helps open the lines of communication between parent and teen by tracking spending in real time and, ultimately, creates teachable moments around smart spending habits. For more information, please explore www.spendsmartcard.com.