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News Breaks
January 4, 2013
11:15 EDTJNJJanssen enters license and R&D agreements with GlycoVaxyn AG
GlycoVaxyn AG announced that Janssen Pharmaceuticals, Inc. has signed an exclusive license agreement and entered into a three-year research and development collaboration to develop a multi-valent bacterial vaccine employing GlycoVaxyn's bio-conjugation technology. GlycoVaxyn will collaborate with JPI's affiliate, Crucell Holland BV, on the development of the multi-valent vaccine until proof-of-concept, after which JPI will be responsible for later-stage clinical studies and world-wide commercialization. The consideration to GlycoVaxyn includes an upfront payment, milestone payments, royalties as well as reimbursement of research and development expenses. Financial details of the agreement have not been disclosed. Janssen Pharmaceuticals is a pharmaceutical company of Johnson & Johnson.
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