ABLYNX RECEIVES ANOTHER MILESTONE AS BOEHRINGER INGELHEIM SELECTS NANOBODY CANDIDATE FOR PRE-CLINICAL DEVELOPMENT
(Thomson Reuters ONE) -
GHENT, Belgium, 1 February 2012 - Ablynx [Euronext Brussels: ABLX] today
announced that Boehringer Ingelheim has selected, as part of their strategic
alliance, a second Nanobody(®) candidate for pre-clinical development, which
triggered a ?5 million milestone payment to Ablynx.
The Nanobody development candidate is designed to interfere with the function of
two distinct proteins that are thought to play a major role in human cancers.
In September 2007, Ablynx and Boehringer Ingelheim entered into a strategic
alliance on the discovery, development and commercialisation of Nanobody
therapeutics across a range of diseases, including oncology, immunology,
respiratory and vascular diseases. The agreement allows for potential milestone
payments of up to ?125 million plus royalties to Ablynx for each Nanobody which
reaches market. Boehringer Ingelheim is exclusively responsible for the
development, manufacturing and commercialisation of any products resulting from
the collaboration. Ablynx retains certain co-promotion rights in Europe. To
date, Ablynx has earned >?57 million in cash from this strategic alliance.
"We are very pleased with the progress made in our collaboration with Boehringer
Ingelheim. They now have three Nanobody candidates in pre-clinical development
including a Nanobody relevant in Alzheimer's disease, and we anticipate
additional Nanobodies will be advanced into formal development during the next
years," said Dr. Edwin Moses, CEO and Chairman at Ablynx.
About Ablynx
Ablynx (Euronext: ABLX) is a biopharmaceutical company engaged in the discovery
and development of Nanobodies(®), a novel class of therapeutic proteins based on
single-domain antibody fragments, for a range of serious and life-threatening
human diseases, including inflammation, haematology, oncology and pulmonary
disease. Today, the Company has over 25 programmes in the pipeline and seven
Nanobodies in clinical development. Ablynx has ongoing research collaborations
and significant partnerships with major pharmaceutical companies, including
Boehringer Ingelheim, Merck Serono, Novartis, and has had a collaboration with
Pfizer. The Company is headquartered in Ghent, Belgium and currently employs
over 290 people. More information can be found on www.ablynx.com.
For more information, please contact:
College Hill Life Sciences - for international press:
Sue Charles / Melanie Toyne Sewell / Christelle Kerouedan
t: +44 (0)20 7866 7888
e: ablynx(at)collegehill.com
Ablynx:
Dr Edwin Moses
Chairman and CEO
t: +32 (0)9 262 00 07
m: +44 (0)7771 954 193 /
+32 (0)473 39 50 68
e: edwin.moses(at)ablynx.com
Marieke Vermeersch
Investor Relations Manager
t: +32 (0)9 262 00 82
m: +32 (0)479 49 06 03
e: marieke.vermeersch(at)ablynx.com
Complete version of the press release:
http://hugin.info/137912/R/1581931/494165.pdf
This announcement is distributed by Thomson Reuters on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ablynx via Thomson Reuters ONE
[HUG#1581931]
Unternehmensinformation / Kurzprofil:
Datum: 01.02.2012 - 18:01 Uhr
Sprache: Deutsch
News-ID 110107
Anzahl Zeichen: 3904
contact information:
Town:
Ghent
Kategorie:
Business News
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