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2003 NOV 12 - (NewsRx.com & NewsRx.net) -- VaxGen, Inc., (VXGN) has entered into a license agreement with the U.S. Army Medical Research Institute of Infectious Diseases (USAMRIID) that gives VaxGen exclusive, worldwide rights to develop and commercialize a recombinant anthrax vaccine candidate based on technology developed by USAMRIID.
The agreement is subject to certain rights retained by the government.
The license agreement obligates VaxGen to pay USAMRIID an execution fee, patent maintenance fees, anniversary fees, milestones and royalties. It gives VaxGen exclusive license to U.S. patent 6,387,665 (Method of Making a Vaccine for Anthrax) and an exclusive field of use license to U.S. patent 6,316,006 (Asporagenic B. anthracis Expression System) for the purpose of developing and commercializing a vaccine against anthrax.
VaxGen had been using the technology since early 2002 under a Cooperative Research and Development Agreement and a letter of intent regarding patent rights with USAMRIID. It is the same technology VaxGen is using to develop its recombinant Protective Antigen anthrax vaccine, rPA102, under contract from the National Institute of Allergy and Infectious Diseases (NIAID).
VaxGen announced on September 30, 2003, that it had been awarded an $80.3 million NIAID contract to fund many of the ...
Source: HighBeam Research, Biopharm company to gain commercial rights to anthrax vaccine...