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Complement inhibition license deal signed with Adprotech

Published in Biotech Business Week, May 3rd, 2004

Avant Immunotherapeutics, Inc., (AVAN) announced the signing of a license agreement with Adprotech, Ltd., for non-exclusive rights to use certain components of Avant's intellectual property surrounding complement inhibition.

The license will enable Adprotech to continue further development and commercialization of its APT070 product, which is currently in a clinical trial in rheumatoid arthritis. No rights to either of Avant's complement programs, TP10 and TP20, were transferred under the license. All rights to these two products remain fully owned worldwide by Avant.

Financial details of the agreement with Adprotech were not disclosed, but include...

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