Corporate | 12 December 2012 07:11
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WILEX AG / Key word(s): Alliance
PRESS RELEASE WILEX Inc. signs distribution agreement with Immundiagnostik AG for D-A-CH region Munich / Bensheim, Germany, 12 December 2012. WILEX AG (ISIN DE0006614720 / WL6 / Frankfurt Stock Exchange) today announced that its US subsidiary WILEX Inc., Cambridge, MA, USA, has entered into an exclusive distributor agreement with Immundiagnostik AG, Bensheim, Germany for the commercialisation of the serum HER-2/neu and CA IX ELISA tests in Germany, Austria and Switzerland (D-A-CH region). Immundiagnostik AG is specialised in the development and production of innovative immunoassays and other analytical detection methods. Financial terms of the agreement were not disclosed. WILEX Inc. specialises in serum based oncoprotein diagnostics and offers various biomarker tests under the brand name Oncogene Science. The serum HER-2/neu test is the only FDA-cleared IVD ELISA that measures the serum HER-2/neu level for the management and monitoring of patients with metastatic breast cancer (MBC). HER-2 (Human Epidermal Growth Factor Receptor 2) is a protein found on some types of cancer cells, especially breast cancer cells. MBC patients who overexpress the HER-2/neu protein tend to have a worse prognosis and a more aggressive disease. WILEX's serum HER-2/neu ELISA test is used to monitor breast cancer patients on a variety of therapies, including HER-2/neu-targeted therapies. The test measures changes in the HER-2 status with increasing serum levels of HER-2/neu being reflective of cancer progression while decreasing serum levels being reflective of therapy response. The CA IX ELISA test is used for the quantitative detection of the circulating form of the CA IX (Carbonic Anhydrase IX) in serum and plasma. The protein CA IX is overexpressed in many types of cancer and its expression is strongly induced by hypoxia. In a variety of human cancers, tumour hypoxia is associated with an increased incidence of metastases. Professor Olaf G. Wilhelm, CEO of WILEX Inc. and WILEX AG, comments: 'With Immundiagnostik AG we have found a competent and experienced partner with a broad product and service portfolio in the field of in vitro diagnostics. Their extensive network and cooperation with universities and international research institutions as well as with laboratory medicine units offers the right framework for the distribution of our serum HER-2/neu and CA IX ELISA tests in the important German speaking market.' 'We look forward to working with WILEX. Both serum based oncoprotein ELISA tests ideally complement our portfolio and provide the opportunity to further expand into the field of companion diagnostics. The serum HER-2/neu test is the most frequently used ELISA based assay in clinical trials worldwide, which offers laboratories an efficient and reliable possibility for the measurement of HER-2/neu in serum with no need for further equipment', Dr Franz Paul Armbruster, CEO of Immundiagnostik AG, said.
About WILEX Inc.
WILEX AG is a biopharmaceutical company based in Munich, Germany. Focused on oncology, the Company develops diagnostic and therapeutic product candidates for the specific detection and targeted treatment of various types of cancer based on antibodies and small molecules. Beside the manufacturing and marketing of the biomarker tests from WILEX Inc. the subsidiary Heidelberg Pharma GmbH offers preclinical contract research services and an antibody drug conjugate (ADC) technology platform. The business model comprises research and product development as well as the commercialisation of its activities. Our customers and partners include leading international pharmaceutical companies. WILEX is listed at the Frankfurt Stock Exchange. ISIN DE0006614720 / WKN 661472 / Symbol WL6. More information is available on www.wilex.com .
Immundiagnostik AG
This communication contains certain forward-looking statements relating to the Company's business, which can be identified by the use of forward-looking terminology such as 'estimates', 'believes', 'expects', 'may', 'will' 'should' 'future', 'potential' or similar expressions or by a general discussion of the Company's strategy, plans or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results of operations, financial position, earnings, achievements, or industry results, to be materially different from any future results, earnings or achievements expressed or implied by such forward-looking statements. Given these uncertainties, prospective investors and partners are cautioned not to place undue reliance on such forward-looking statements. We disclaim any obligation to update any such forward-looking statements to reflect future events or developments. End of Corporate News 12.12.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| Language: | English | |
| Company: | WILEX AG | |
| Grillparzerstr. 10 | ||
| 81675 München | ||
| Germany | ||
| Phone: | +49 (0)89 41 31 38 – 0 | |
| Fax: | +49 (0)89 41 31 38 – 99 | |
| E-mail: | info@wilex.com | |
| Internet: | www.wilex.com | |
| ISIN: | DE0006614720 | |
| WKN: | 661472 | |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart | |
| End of News | DGAP News-Service |
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| 196705 12.12.2012 |