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AGENSYS
SIGNS COLLABORATIVE RESEARCH AND LICENSE AGREEMENT WITH SANOFI PASTEUR
SANTA MONICA, Calif., October 10, 2005 — Agensys, Inc., a
cancer biotechnology company, today announced
an agreement with sanofi pasteur,
the vaccines business of the sanofi-aventis
Group, under which the two companies will collaborate on the research and
development of vaccine products directed at colorectal and prostate
cancers. The agreement provides sanofi pasteur with exclusive
access to a portfolio of Agensys’ proprietary colorectal and prostate
cancer targets, together with an option to obtain exclusive worldwide
licenses to up to six selected targets for the development and
commercialization of vaccine products.
The 36-month collaborative research program, which may be extended up
to 12 additional months, will be conducted at both sanofi
pasteur’s facility in Toronto and
Agensys’ facility in Santa Monica. Agensys will focus on the selection and
characterization of cancer targets, and sanofi pasteur will focus on the validation of these targets
and the development of vaccine products.
“This agreement
provides an endorsement of both our proprietary target discoveries and the
research and development capabilities we have at Agensys,” said
Donald B. Rice, Chairman, President and CEO of Agensys.
“Collaborating with sanofi pasteur, a world leader in the development of vaccine
products, validates our strategy of leveraging our proprietary cancer
targets into different types of therapeutic product opportunities. Cancer vaccines may well complement other
cancer treatments, including antibody therapies, which are the primary
focus of Agensys’ product development activities.”
Under the terms of the
agreement, Agensys will receive an upfront payment, research funding and
progress payments during the research program. Based on the successful development of
vaccine products by sanofi pasteur,
Agensys would receive licensee fees, milestone payments and royalties on
sales.
About
Agensys
Agensys,
Inc. is a privately held biotechnology company that is developing a
pipeline of therapeutic monoclonal antibodies to treat solid tumor
cancers. These antibodies, many of
which are fully human, are being generated to a diverse portfolio of
proprietary, clinically relevant cancer targets that encompass 14 types of
solid tumors. The Company has the
capabilities to both develop and manufacture antibody products and, through
a partnership with Abgenix, has access to the XenoMouse® technologies required to generate
fully human antibodies. In parallel to developing certain antibody
products, Agensys aims to establish partnerships to develop and
commercialize selected antibody products, and to exploit small molecule,
vaccine, and diagnostic applications to its proprietary cancer
targets. The Company’s laboratories,
GMP
manufacturing facility and offices are located in Santa
Monica, California.
For further information about Agensys, please visit http://www.agensys.com.
About sanofi-aventis
The sanofi-aventis
Group is the world’s third-largest pharmaceutical company, ranking
number one in Europe. Backed by a world-class R&D organization, sanofi-aventis is developing leading positions in seven
major therapeutic areas: cardiovascular disease, thrombosis, oncology,
metabolic diseases, central nervous system, internal medicine, and
vaccines. The sanofi-aventis Group is listed in Paris (EURONEXT: SAN) and in New York (NYSE: SNY).
Sanofi pasteur, the vaccines business of the sanofi-aventis Group, sold nearly a billion doses of
vaccine in 2004, making it possible to protect more than 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: www.sanofipasteur.com
Contacts
Donald B. Rice, Ph. D.
President and CEO
drice@agensys.com
Aya Jakobovits, Ph.D.
Senior Vice President and CSO
ajakobovits@agensys.com
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