Corporate | 31 March 2011 07:00
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Cytos Biotechnology AG / Key word(s): Alliance
Schlieren (Zurich), Switzerland, March 31, 2011 – Cytos Biotechnology Ltd (SIX:CYTN) announced today that it has entered a Cooperative Research and Development Agreement (CRADA) for the preclinical development of a malaria vaccine with the Walter Reed Army Institute of Research (WRAIR). Cytos Biotechnology will provide its virus-like particle (VLP) based vaccination technology and expertise whilst WRAIR will contribute a malaria antigen candidate. Vaccine candidates generated by Cytos Biotechnology will be tested in preclinical models of malaria disease by WRAIR. Dr Martin Bachmann, CSO of Cytos Biotechnology commented ‘The WRAIR is the largest and most diverse biomedical research laboratory in the US Department of Defense and we keenly welcome the opportunity to work with them in malaria vaccine R&D. Malaria is a major disease burden for people living in at-risk areas and it poses a significant threat to military personnel serving in such regions and to travelers. Consequently, the development of new vaccines to prevent malaria is an important area of focus for vaccine R&D. This collaboration is our second malaria vaccine partnership with leading research institutes in the United States of America following the recent announcement of our collaboration with the NIH and SAIC. This new collaboration demonstrates the continuing attractiveness of the VLP-platform for partnering in the eyes of leading biomedical organizations in academia, government agencies, and industry.’
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About Cytos Biotechnology
This foregoing press release may contain forward-looking statements that include words or phrases such as ‘will’, ‘will be tested’, ‘candidates’, ‘intended’, ‘designed’ or other similar expressions. These forward-looking statements are subject to a variety of significant uncertainties, including scientific, business, economic and financial factors, and therefore actual results may differ significantly from those presented. There can be no assurance that any therapeutic entities will enter clinical trials, that clinical trial results will be predictive for future results, that therapeutic entities will be the subject of filings for regulatory approval, that any drug candidates will receive marketing approval from the U.S. Food and Drug Administration or equivalent regulatory authorities, or that drugs will be marketed successfully. Against the background of these uncertainties readers should not rely on forward-looking statements. The company assumes no responsibility to update forward-looking statements or adapt them to future events or developments. This document does not constitute an offer or invitation to subscribe or purchase any securities of Cytos Biotechnology Ltd. End of Corporate News 31.03.2011 News transmitted by EquityStory AG. The issuer is responsible for the contents of the release. EquityStory publishes regulatory releases, media releases on the capital market and press releases. The EquityStory Group distributes authentic and real-time financial news for over 1’300 listed companies. The Swiss news archive can be found at http://www.equitystory.ch/nachrichten |
| Language: | English | |
| Company: | Cytos Biotechnology AG | |
| Wagistr. 25 | ||
| 8952 Schlieren | ||
| Schweiz | ||
| Phone: | +41 44 733 4747 | |
| Fax: | +41 44 733 4740 | |
| E-mail: | info@cytos.com | |
| Internet: | www.cytos.com | |
| ISIN: | CH0011025217, CH0029060735 | |
| Swiss Security Number: | – | |
| Listed: | Regulierter Markt in SIX; Freiverkehr in Berlin, München, Stuttgart; Open Market in Frankfurt | |
| End of News | EquityStory AG News-Service |
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