euro adhoc: Intercell AG
other
sanofi pasteur exercises option on
Intercells bacterial vaccine antigens - up to EUR 23 m license and milestone
payments
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
01.07.2005
Vienna - July 1, 2005 - Intercell AG (VSE - "ICLL") today announced that its partner sanofi pasteur S.A. (previously aventis pasteur S.A.), the vaccines business of the sanofi-aventis group, exercised its option on exclusive worldwide commercial rights on certain bacterial vaccine antigens, which have been identified by Intercells Antigen Identification Program under a Collaboration and License Option Agreement the parties concluded in December 2003.
The option exercise will trigger license fees and recognition of previously unearned research funding and success fees resulting in an aggregate value of about EUR 3 million. Over the entire term of the agreement Intercell will be entitled to further milestone based license payments totaling to about EUR 20 million, as well as royalties on future net sales.
"Our partner sanofi pasteur is a leader and innovator in the field of vaccines and we are delighted that our Antigen Identification Program has again successfully delivered attractive vaccine antigens for another important bacterial indication with a high unaddressed medical need," states Intercells Chief Operating Officer, Gerd Zettlmeissl.
"Intercells Antigen Identification Program is a very promising new technology for the field of vaccine development", commented Michel DeWilde, Executive Vice-president, Research and Development at sanofi pasteur. "We are impressed with the excellent progress Intercell has made in this important project."
About Intercell AG Intercell AG is a fast growing biotechnology company focusing on the design and development of novel vaccines for prevention and treatment of diseases with substantial unaddressed medical need. The Companys unique position is based on the combination of antigens and immunizers (adjuvants) derived from its proprietary technology platforms and its in-house GMP manufacturing facilities. Intercells technology has been endorsed by collaborative agreements with a number of global pharmaceutical companies, including sanofi pasteur, Merck&Co., Inc., SciGen Ltd. and the Statens Serum Institut. The Company has a broad development pipeline with a vaccine for Japanese Encephalitis about to enter Phase III, a vaccine for Hepatitis C undergoing Phase II trials, and five products focused on infectious diseases in the pre-clinical phase. Intercell is listed on the Vienna stock exchange under the symbol "ICLL". For more information please visit: www.intercell.com
This communication expressly or implicitly contains certain forward-looking statements concerning Intercell AG and its business. Such statements involve certain known and unknown risks, uncertainties and other factors which could cause the actual results, financial condition, performance or achievements of Intercell AG to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Intercell AG is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.
end of announcement euro adhoc 01.07.2005 08:02:13
Further inquiry note:
Intercell AG
Mag. Katharina Wieser
Head of Corporate Communications
Tel. +43 1 20620-303
kwieser@intercell.com
Branche: Biotechnology
ISIN: AT0000612601
WKN:
Börsen: Wiener Börse AG