Crucell Secures $16.2 million NIH Contract for HIV Vaccine Design and Development
Leiden, The Netherlands, October 9, 2006 - Dutch biotechnology company Crucell N.V. (Euronext, NASDAQ: CRXL; Swiss Exchange: CRX) announced today that it has secured a US$ 16.2 million contract from the National Institute of Allergy and Infectious Diseases, part of the U.S. National Institutes of Health (NIH), for the design and development of an HIV vaccine. The contract supports a collaborative program with the Beth Israel Deaconess Medical Center at Harvard Medical School and Charles River Laboratories Inc (NYSE: CRL).
The program focuses on the use of live viral vectors for the design and development of an HIV vaccine. A number of HIV genes will be tested for insertion into the vector, with the best antigens being selected for development into products suitable for phase I and II clinical trials in humans. The program will be supported by the NIAID’s Vaccine Research Center (VRC), which will offer expertise on antigen design.
The contract provides for a full cost reimbursement plus a fixed-fee. The program will be fully covered up until the commencement of clinical trials. Further, the NIAID HIV Vaccine Trials Network has expressed interest in performing clinical trials as soon as preclinical tests are completed and a clinical lot is available.
“We are very grateful to the NIAID for their support and ongoing endorsement of our technology in the field of HIV vaccine development,” said Crucell’s Chief Scientific Officer, Dr Jaap Goudsmit. “Multiple high-level vaccine initiatives are essential if we are to be successful in delivering the safe, effective and accessible HIV vaccine that the world needs so urgently.”
Crucell N.V. (Euronext, NASDAQ: CRXL; Swiss Exchange: CRX) is a biotechnology company focused on research, development and worldwide marketing of vaccines and antibodies that prevent and treat infectious diseases. Its vaccines are sold in public and private markets worldwide. Crucell’s core portfolio includes a vaccine against hepatitis B and a virosome-adjuvanted vaccine against influenza. Crucell also markets travel vaccines, such as the only oral anti-typhoid vaccine and the only aluminum-free hepatitis A vaccine on the market. The Company has a broad development pipeline, including both early-stage products and products almost ready to go to market. Several Crucell products are based on its unique PER.C6® production technology. The Company licenses this and other technologies to the biopharmaceutical industry. Important partners and licensees include DSM Biologics, sanofi aventis, GSK and Merck & Co. Crucell is headquartered in Leiden (the Netherlands), with subsidiaries in Switzerland, Spain, Italy and Korea. The Company employs about 900 people. For more information, please visit www.crucell.com.
This press release contains forward-looking statements that involve inherent risks and uncertainties. We have identified certain important factors that may cause actual results to differ materially from those contained in such forward-looking statements. For information relating to these factors please refer to our Form 20-F, as filed with the U.S. Securities and Exchange Commission on July 6, 2006, and the section entitled “Risk Factors”. The Company prepares its financial statements under generally accepted accounting principles in the United States (US GAAP) and Europe (IFRS).
- Contact Information
- Thomas Redington
- For Crucell in the US
- Redington, Inc.
- Contact via E-mail
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.