Pepscan reaches partnering agreement for therapeutic vaccine portfolio with Immunovo

Pepscan, the Netherlands based biotechnology firm focusing on protein mimicking technology for the generation of immune therapeutics, today announced that it reached a partnering agreement for its therapeutic vaccine portfolio with Immunovo BV of 's-Hertogenbosch. Under the terms of the agreement Pepscan will receive an undisclosed cash payment as well as a minority interest in Immunovo.

"Pepscan has recently refocused its R&D program on the application of its proprietary CLIPSTM protein mimicry technology for the generation of monoclonal antibodies and therapeutic peptides", said Wim Mol, CEO of Pepscan. "The agreement with Immunovo allows Pepscan to fully concentrate its resources on a focused execution of its research program. We consider Immunovo as an ideal partner to enhance the value of the therapeutic vaccine portfolio we have developed over the years."

"We are very pleased with the partnership with Pepscan on the therapeutic vaccine portfolio" said Joost van Bree, CEO of Immunovo. "Pepscan created a rich development pipeline of therapeutic vaccines, of which the most advanced product is in Phase II clinical development. We are confident that with our specific expertise we will be able to expedite the development of this portfolio, which also includes a proprietary anti-VEGF-A vaccine that could be useful for the treatment of certain cancers."