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BioNet-Asia to License Recombinant Pertussis Strain - BioNet-Asia Co., Ltd, announced the signature with a China-based company of a binding letter of intent to license a Bordetella pertussis strain, genetically modified to express antigens - BioNet-Asia.com
BioNet-Asia to License Recombinant Pertussis Strain

 

PRZOOM - /newswire/ - Bangkok, Thailand, 2012/01/13 - BioNet-Asia Co., Ltd, announced the signature with a China-based company of a binding letter of intent to license a Bordetella pertussis strain, genetically modified to express antigens - BioNet-Asia.com.

   
 
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BioNet-Asia Co., Ltd, a vaccine-focused biotech company based in Thailand has announced today the signature with a China-based company of a binding letter of intent to license a Bordetella pertussis strain, genetically modified to express antigens that can be used in the development of acellular pertussis-based vaccines.

Acellular Pertussis Vaccines are now routinely and successfully used to prevent whooping cough disease, in Western Europe, North America, Japan and Korea but not in the emerging countries because of the high cost.

The advantages of the recombinant pertussis strain producing very high yields of inactivated pertussis toxins enable the production of a recombinant Acellular Pertussis Vaccine to be affordable in China and other developing countries.

Mr Vitoon Vonghangool, Managing Director of BioNet-Asia said “This is an important milestone because it is the outcome of years of research and development in Thailand.
Our company has been heavily affected by the floods in October 2011 and it was important to find a partner interested in our recombinant pertussis strain. We expect to receive double-digit million dollars over a period of 10 years followed by royalties. Upfront payments are expected within this year and will be used to reconstruct our facilities.”
Dr Pham Hong Thai, Managing Director of BioNet-Asia concluded that “The agreement will be signed within a couple of months and we are also in discussion with some vaccine manufacturers for collaboration on recombinant acellular pertussis based vaccines.”

 
 
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Agency / Source: BioNet-Asia Co., Ltd

 
 

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BioNet-Asia to License Recombinant Pertussis Strain

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Contact: BioNet-Asia.com 
+662 361 8110 info[.]bionet-asia.com
 
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