Glaxo Takes On Cantab's DISC-HSV
Cantab Pharmaceuticals has signed an agreement with Glaxo Wellcomegranting GW the worldwide rights to develop and market Cantab's vaccine, DISC HSV, for the treatment and prevention of genital herpes. Cantab will receive an aggregate sum of L11 million ($17.5 million), including an equity investment of L6 million. Milestone payments will also be made and Cantab will receive royalties on sales of the vaccine. New Phase I data has demonstrated that DISC HSV is safe in human subjects.
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