MediGene Receives One-Time Payment for License Agreement with Glaxo Group
2005年12月20日 - 12:22AM
PRニュース・ワイアー (英語)
* A non-exclusive license under existing tumor-vaccine patents
MARTINSRIED, Germany and MUNICH, Germany, and SAN DIEGO, Dec. 19
/PRNewswire-FirstCall/ -- The German-American biotech company
MediGene AG (Frankfurt, TecDax) has issued a non-exclusive license
to Glaxo Group Limited under existing patents that had emerged from
MediGene's program to develop a therapeutic tumor vaccine. In
return MediGene receives a one-time payment from Glaxo Group Ltd.
The payment from Glaxo, combined with Eligard sales, will ensure
that Medigene will reach previous established guidance for 2005 of
revenues of 20 million EUR. MediGene management is now postponing
the finalization of the Polyphenone E marketing partnership for in
order to review new proposals received after the recent FDA
acceptance of the New Drug Application for Polyphenon E Ointment
for the Treatment of Genital Warts. "The agreement with Glaxo Group
Limited underscores the quality and value of MediGene's technology.
It also allows the Company the resources to thoroughly evaluate
additional new business development options. New opportunities for
a marketing partnership for our Polyphenon(R) E Ointment have
recently arisen. Achieving our revenue forecast for the year gives
us the flexibility to postpone the closing of a deal until we have
evaluated these new attractive options in order to exploit the full
potential of our product," Dr. Peter Heinrich, Chief Executive
Officer of MediGene AG, comments. MediGene held an analyst
conference call today Monday, December 19, 2005. A replay of the
call will be available for 48 hours. The call replay can be
accessed by calling: Dial In: +49 - 69 - 920 53 444 This press
release contains forward-looking statements that involve risks and
uncertainties. The forward-looking statements contained herein
represent the judgment of MediGene as of the date of this release.
These forward-looking statements are no guarantees for future
performance, and the forward-looking events discussed in this press
release may not occur. MediGene disclaims any intent or obligation
to update any of these forward-looking statements. MediGene(TM) is
a trademark of MediGene AG. MediGene AG is a publicly quoted
(Frankfurt: TecDax), German-American biotechnology company located
in Martinsried/Munich, Germany and San Diego, USA. MediGene is the
first German biotech company with a drug on the market. The NDA for
a second drug has recently been submitted. In addition, MediGene
has several oncological drug candidates undergoing clinical
development, and possesses innovative platform technologies for
drug development. MediGene's core competence lies in research into
and development of novel approaches for the treatment of various
cancer and tumor diseases. DATASOURCE: MediGene AG CONTACT: Dr.
Georg Donges, Public Relations, +49-89-8565-3317, or Dr. Michael
Nettersheim, Investor Relations, +49-89-8565-2946, both of MediGene
AG, Fax: +49-89-8565-2920,
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