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AnGes MG, Avontec Enter into Cross Licensing Agreement for Decoy Nucleic Acid Drug.

Tokyo, Japan, Aug 11, 2005 - (JCNN) - AnGes MG announced on August 10 that it has signed a cross licensing agreement with German bio-venture company Avontec on the development of decoy nucleic acid drugs.

Under the terms of the agreement, AnGes MG will be able to exclusively use Avontec's proprietary technology STAT-1 decoy oligodeoxynucleotides in Asia to develop applications for respiratory and respiratory and skin diseases.

Meanwhile, Avontec will be granted the right to use NF-kappa B decoy oligodeoxynucleotide (NFkB decoy oligo), a kind of nucleic acid medicine developed by AnGes MG, in Europe with a view to applying it to the treatment of psoriasis.

Avontec, which was launched by the Georg-August-University Goettingen in Germany in 2001, specializes in research and development of nucleic acid-based drugs.

Through the partnership, the two companies aim to improve their development capabilities by sharing their expertise.

Source: JCN http://www.japancorp.net

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Publication:JCNN News Summaries
Date:Aug 12, 2005
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