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2002 AUG 14 - (NewsRx.com & NewsRx.net) -- Epimmune, Inc., (EPMN), a biotechnology company focused on the development of pharmaceutical products using multiple, specific epitopes to activate the body's immune system, announced that it had entered into an evaluation and license option agreement with Aventis Pasteur Limited.
Under the terms of the agreement, Aventis Pasteur will have, for a limited period of time, the right to exercise its option to license from Epimmune certain epitopes from two cancer associated antigens. Aventis Pasteur will evaluate the epitopes for possible integration into its poxvirus therapeutic cancer vaccine program.
Should Aventis Pasteur exercise its rights under the agreement, it will have an exclusive license to use the epitopes in connection with its proprietary poxvirus delivery system in several cancer fields. Epimmune received an evaluation license fee and is further entitled to receive a license fee if Aventis Pasteur exercises its option, and precommercialization milestones and royalties on product sales if Aventis Pasteur develops products utilizing the Epimmune technology.
"This agreement provides an opportunity for Aventis Pasteur to extend our leadership role in the area of pox-based vaccines by providing access to the epitope expertise ...
Source: HighBeam Research, Licensing agreement focuses on cancer vaccines.(Brief Article)