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3M
3M Collaborates with AVANT on Vaccine Adjuvants
June 27th, 2008
3M Drug Delivery Systems announces the signing of a non-exclusive license agreement with Celldex Therapeutics, Inc. (a wholly-owned subsidiary of AVANT Immunotherapeutics). Under the agreement, 3M will provide its patented toll-like receptor (TLR) agonist compounds to Celldex for an undisclosed licensing fee, milestones and royalties. 3M's patented TLR immune response modifier compounds, which may be useful as vaccine adjuvants, will be used by Celldex to develop new vaccine products. Once commercialized, Celldex will pay 3M royalty usage fees for IRM compounds. "The use of TLR agonists topically as well as conjugated to Celldex's vaccines show the...
Source: Health Business Week (2008-06-27)
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