Printer Friendly

NEC Corporation signs strategic clinical trial collaboration agreement and equity investment agreement with VAXIMM.

M2 PHARMA-November 13, 2019-NEC Corporation signs strategic clinical trial collaboration agreement and equity investment agreement with VAXIMM

(C)2019 M2 COMMUNICATIONS

NEC Corporation (NEC; TOKYO: 6701), a company involved in IT and network technologies, has signed a strategic clinical trial collaboration agreement and an equity investment agreement with VAXIMM AG, a Swiss/German biotech company focused on developing oral T-cell immunotherapies.

It was reported yesterday that the contract has been signed to develop novel personalised neoantigen cancer vaccines.

According to the terms of the collaboration agreement, which is non-exclusive to both parties, NEC will provide funding for a Phase one clinical trial. Both parties will co-develop personalised cancer vaccines using NEC's artificial intelligence technology, which is used in its Neoantigen Prediction System and VAXIMM's proprietary T-cell immunotherapy technology. The vaccines are planned to be assessed in a Phase one clinical trial in various solid tumours. VAXIMM will be responsible for conducting the clinical trial, which is likely to be started in 2020. NEC has the option for development and commercialisation rights to the program worldwide, except for China and other Asian territories outside of Japan.

((Comments on this story may be sent to info@m2.com))

COPYRIGHT 2019 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2019 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 Pharma
Date:Nov 13, 2019
Words:196
Previous Article:Roche meets primary endpoint in part two Risdiplam SUNFISH trial.
Next Article:Sandoz signs binding agreement to acquire Aspen Global's Japanese business.
Topics:

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters