Corporate | 10 July 2013 06:59
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WILEX AG / Key word(s): Alliance
PRESS RELEASE UCB gets access to rights for an antibody programme from WILEX for non-oncology indications Munich, Germany / Brussels, Belgium, 10 July 2013 – WILEX AG (ISIN DE0006614720 / WL6 / FSE) and UCB announced today that UCB has acquired an antibody programme from WILEX’ preclinical portfolio originally obtained from UCB in 2009. UCB has the right to develop the antibodies from the programme in any indication outside the field of oncology, while WILEX keeps the rights to develop for oncology indications. WILEX will be reimbursed an undisclosed amount for its development costs to date and shall be eligible for future, undisclosed development, regulatory and commercial milestone payments as well as royalties. UCB and WILEX will continue to share data regarding the programme through the existing development committee structures. UCB will be working on these antibodies in immunology/inflammation and, as part of the strategic partnership between the two companies, will make available to WILEX the relevant data to assist WILEX in oncology. Professor Olaf G. Wilhelm, Chairman of the Executive Management Board of WILEX AG, commented, ‘An identified lead antibody and generated data attracted UCB to purchase the rights to indications outside oncology at such an early stage which is not only a validation of our capabilities but also proof of our excellent partnership with UCB.’ Ismail Kola, Executive Vice President and Chairman of New Medicine at UCB, said: ‘The pre-clinical work originated by UCB and continued by WILEX researchers to identify the immunology potential of one of their programs is of great interest to us. Leveraging UCB’s scientific expertise in immunology, we will now take the program forward and explore it further in immunology indications where there are severe unmet needs.’
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| 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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