Aventis and Intercell Sign Collaboration and License Agreement to Develop Bacterial Vaccines
February 17 2004 - 8:50AM
PR Newswire (US)
Aventis and Intercell Sign Collaboration and License Agreement to
Develop Bacterial Vaccines SWIFTWATER, Pa. and VIENNA, Austria,
Feb. 17 /PRNewswire-FirstCall/ -- Aventis S.A. and Intercell AG
announced today the signing of a commercial license agreement for
the development of bacterial vaccines. Under the terms of the
agreement, Intercell will apply its Antigen Identification Program
(AIP) to identify relevant antigens, which will allow Aventis
Pasteur, the vaccines business of Aventis, to develop a next
generation protein-based vaccine. Intercell will receive upfront
payments, license fees, research and development funding, milestone
payments, and royalty payments on product sales. Aventis Pasteur
will receive exclusive worldwide rights to commercialize the
vaccines developed in the collaboration. Further financial details
of the agreement were not disclosed. "This program will enable
Aventis Pasteur to maintain its leadership position in next
generation vaccine development," commented Dr. Jeffrey Almond,
senior vice-president, global research and external R&D at
Aventis Pasteur. "We expect that the collaboration will allow
Aventis Pasteur to significantly improve its competitive position
in the focus area of the collaboration." "Aventis Pasteur is a
leader and innovator in the vaccine field, and this collaboration
validates our capabilities in the development of novel and improved
vaccine products," stated Intercell's CEO Alexander von Gabain.
"Intercell's AIP is a novel, utterly comprehensive, rapid genomic
technology for identification of the most protective pathogen
antigens that are discovered, using human immune responses as the
discovery engine." About Aventis Aventis is dedicated to treating
and preventing disease by discovering and developing innovative
prescription drugs and human vaccines. In 2003, Aventis generated
sales of 16.79 billion euros, invested 2.86 billion euros in
research and development and employed approximately 69,000 people
in its core business. Aventis corporate headquarters are in
Strasbourg, France. For more information, please visit:
http://www.aventis.com/. Aventis Pasteur, the vaccines business of
Aventis, produced 1.4 billion doses of vaccine in 2003, making it
possible to protect 500 million people across the globe, which is
about 1.4 million per day. The company offers the broadest range of
vaccines, providing protection against 20 bacterial and viral
diseases. For more information, please visit:
http://www.aventispasteur.com/ About Intercell Intercell is a
biotechnology company focused on the development of vaccines
against infectious diseases. Intercell's lead products are, a
therapeutic hepatitis C vaccine, which has entered Phase II
clinical testing in November 2002, and a vaccine against Japanese
encephalitis that has successfully undergone a phase II clinical
study. A phase III clinical study is planned for 2004. To date,
Intercell AG has succeeded in raising venture capital totaling USD
100 million since becoming operational. For further information on
Intercell AG visit: http://www.intercell.com/ For Aventis
Statements in this news release containing projections or estimates
of revenues, income, earnings per share, capital expenditures,
capital structure,or other financial items; plans and objectives
relating to future operations, products, or services; future
economic performance; or assumptions underlying or relating to any
such statements, are forward-looking statements subject to risks
and uncertainties. Actual results could differ materially depending
on factors such as the timing and effects of regulatory actions,
the results of clinical trials, the company's relative success
developing and gaining market acceptance for new products, the
outcome of significant litigation, and the effectiveness of patent
protection. Additional information regarding risks and
uncertainties is set forth in the current Annual Report on Form
20-F of Aventis on file with the Securities and Exchange Commission
andin the current Annual Report - "Document de Reference" - on file
with the "Commission des Operations de Bourse" in France, recently
renamed "Autorite des marches financiers." For Intercell This press
release contains forward-looking statements that involve inherent
risks and uncertainties. We have identified certain important
factors that may cause actual results to differ materially from
those contained in such forward-looking statements. Aventis Pasteur
contacts: Len Lavenda Aventis Pasteur US Media Relations Tel.: +1
570 839 4446 Koren Wolman-Tardy Aventis Pasteur Corporate Media
Relations Tel.: +33(0)4 37 37 72 73 Intercell AG contact: Dr.
Hannelore Gude Hohensinner Head of Corporate Communication Phone:
+43-1-20620-116 Fax: +43-1-20620-800 mailto: DATASOURCE: Aventis
S.A. CONTACT: Len Lavenda of Aventis Pasteur US Media Relations,
+1-570-839-4446, , or Koren Wolman-Tardy of Aventis Pasteur
Corporate Media Relations, +33-4-37-37-72-73, ; or Dr. Hannelore
Gude Hohensinner, Head of Corporate Communication of Intercell AG,
+43-1-20620-116, fax, +43-1-20620-800, Web site:
http://www.aventispasteur.com/ http://www.intercell.com/
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