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Bird Flu
CEL-SCI Secures Manufacturing Facility for Multikine Cancer Drug
August 27th, 2007
CEL-SCI CORPORATION (AMEX:CVM) announced that it has entered into an agreement with a biomedical real estate group under which CEL-SCI acquires long term use of a dedicated manufacturing facility for its cancer drug Multikine(R). The financial value of this transaction to CEL-SCI is about $15 million. This facility is located near Baltimore, Maryland. Once fully built out to CEL- SCI's specifications, the facility will produce Multikine for both its Phase III clinical trials for head and neck cancer, as well as other cancers, and following marketing approval, for sale. This transaction is of great importance to CEL-SCI because it allows the Company to preserve its cash and, at the same...
Source: Clinical Trials Week (2007-08-27)
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