Cerus and BioOne Enter Agreement for Commercialization of INTERCEPT Plasma; BioOne to Market Pathogen Inactivation for Both Platelets and Plasma in Asian Region.CONCORD, Calif. -- Cerus Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CERS) today announced that it has entered into a definitive agreement with BioOne Corporation for commercialization of the INTERCEPT Blood System for plasma in parts of Asia. Certain direct and indirect subsidiaries of Baxter International Baxter International Inc. (NYSE: BAX), is a global healthcare company with 48,000 employees and 2006 sales of US$10.4 billion. Its headquarters is in Deerfield, Illinois. Inc. were also parties to the transaction. Under the terms of the agreement, BioOne, headquartered in Tokyo, will market and distribute the INTERCEPT Blood System for plasma in Japan, China, Taiwan, South Korea, Thailand, Vietnam and Singapore, following their receipt of regulatory approval in each country. The agreement is subject to approval by the shareholders of BioOne following completion of an independent appraisal of the transaction in accordance with Japanese law. In 2004, BioOne entered a similar agreement with Cerus and Baxter for commercialization of the INTERCEPT Blood System for platelets. Cerus previously received an up-front payment of $3 million in connection with signing the letter of intent for this transaction. Including that payment, the agreement provides for Cerus to receive potential up-front and milestone payments totaling approximately $33 million in cash and BioOne equity. In addition, BioOne will pay Cerus and Baxter royalties on future product sales. "We are pleased to expand our relationship with BioOne to include plasma commercialization," said Claes Glassell, president and chief executive officer of Cerus. "Partnering with organizations like BioOne is a critical part of our strategy for realizing the full potential of the INTERCEPT Blood System, and this agreement brings us one step closer to delivering improved blood safety to patients around the world." ABOUT THE INTERCEPT BLOOD SYSTEM Cerus Corporation is collaborating with subsidiaries of Baxter International Inc. on the INTERCEPT Blood System, designed to target and inactivate in·ac·ti·vate v. 1. To render nonfunctional. 2. To make quiescent. in·ac  ti·va blood-borne pathogens blood-borne pathogens,n.pl pathogenic microorganisms that are present in human blood and cause disease in humans. blood-borne pathogens exposure control plan, n , such as HIV HIV (Human Immunodeficiency Virus), either of two closely related retroviruses that invade T-helper lymphocytes and are responsible for AIDS. There are two types of HIV: HIV-1 and HIV-2. HIV-1 is responsible for the vast majority of AIDS in the United States. and hepatitis B Hepatitis B Definition Hepatitis B is a potentially serious form of liver inflammation due to infection by the hepatitis B virus (HBV). It occurs in both rapidly developing (acute) and long-lasting (chronic) forms, and is one of the most common chronic and C, as well as harmful white blood cells White blood cells A group of several cell types that occur in the bloodstream and are essential for a properly functioning immune system. Mentioned in: Abscess Incision & Drainage, Bone Marrow Transplantation, Complement Deficiencies , while leaving intact the therapeutic properties of donated blood components. Based on Cerus' Helinx technology, the INTERCEPT Blood System inactivates a broad array of pathogens and offers the potential to inactivate untested-for and emerging pathogens, before they become a major transfusion risk to patients. The INTERCEPT Blood System for plasma has been evaluated in three Phase III trials, and a CE Mark application is currently in preparation for European submission. The INTERCEPT Blood System for platelets is approved for use in the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community . ABOUT CERUS Cerus Corporation is developing novel products for cancer, infectious disease Infectious disease A pathological condition spread among biological species. Infectious diseases, although varied in their effects, are always associated with viruses, bacteria, fungi, protozoa, multicellular parasites and aberrant proteins known as prions. and blood safety based on multiple, innovative technology platforms. The company is building a pipeline of next generation cancer immunotherapies by combining its proprietary attenuated Attenuated Alive but weakened; an attenuated microorganism can no longer produce disease. Mentioned in: Tuberculin Skin Test attenuated having undergone a process of attenuation. Listeria Listeria /Lis·te·ria/ (lis-ter´e-ah) a genus of gram-negative bacteria (family Corynebacterium); L. monocyto´genes causes listeriosis. Lis·te·ri·a n. vector platform with promising disease antigens. These products are designed to stimulate innate and T cell immune pathways, generating highly potent anti-tumor responses. Cerus is applying its Helinx technology to develop the INTERCEPT Blood System, which is designed to enhance the safety of blood components through pathogen inactivation inactivation /in·ac·ti·va·tion/ (in-ak?ti-va´shun) the destruction of biological activity, as of a virus, by the action of heat or other agent. . The company's strategy is to leverage the broad potential of its technologies and products through alliances. Cerus' partners to date include MedImmune and Johns Hopkins University Johns Hopkins University, mainly at Baltimore, Md. Johns Hopkins in 1867 had a group of his associates incorporated as the trustees of a university and a hospital, endowing each with $3.5 million. Daniel C. for cancer immunotherapy, and Baxter International and BioOne for the INTERCEPT Blood System. Helinx is a trademark of Cerus Corporation. Baxter and INTERCEPT are trademarks of Baxter International Inc. Statements in this news release regarding the company's relationship with BioOne Corporation, including fulfillment of contractual commitments and the potential outcome of the collaboration, as well as statements concerning potential regulatory approvals, product development and commercialization and the company's relationship with subsidiaries of Baxter International Inc. are forward-looking statements that involve risks and uncertainties. Actual results could differ materially from the above forward-looking statements as a result of certain factors, including the risks and uncertainties inherent in developing biotechnology products based on new technologies, the limited resources and operating history of BioOne, the timing and results of clinical trials and other development activities, market acceptance of our products, actions by regulatory authorities at any stage of the development process, the availability of governmental or third party reimbursement for the use of our products, the size of the market for our products, competitive conditions, manufacturing capabilities, our reliance on our relationship with Baxter and other factors discussed in the company's Form 10-K/A for fiscal 2004, as well as in other reports filed from time to time with the Securities and Exchange Commission. The company assumes no obligation to update any forward-looking statements. |
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