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2001 APR 11 - (NewsRx.com & NewsRx.net) --
Maxygen Inc. (MAXY), the International AIDS Vaccine Initiative (IAVI), and DBLV LLC, an entity established and funded by the Rockefeller Foundation, announced the formation of a three-year collaboration to develop novel HIV vaccines using Maxygen's proprietary MolecularBreeding(TM) directed molecular evolution technologies.
The parties believe these technologies can potentially overcome key obstacles that have hindered the development of AIDS vaccines, such as insufficient immune response and the inability to protect against infection by different strains of HIV.
Under the agreement, DBLV will provide full research and development funding to Maxygen for at least three years to expand its ongoing program in HIV vaccine development. Maxygen will retain all rights to commercialize the HIV vaccine candidates in all developed countries of the world, as well as in certain markets in the developing world. In recognition of the great need for a vaccine against AIDS in the poorest countries of the world where infection rates are soaring, Maxygen has granted IAVI a royalty-free license to develop and distribute HIV vaccines to those who cannot afford them in developing countries.
The collaboration has the potential in the future to expand its current focus on HIV vaccine discovery to include development of HIV vaccines leveraging IAVI's know-how and access to an extensive clinical infrastructure.
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Source: HighBeam Research, Collaboration Aims To Elicit Broader, Stronger Immune Response...