Vical gets $1M-milestone from USA's Merck & Co
Vical has received a $1.0-million milestone from fellow US firm Merck & Co as the latter prepares to initiate a Phase I trial of Vical's investigational plasmid DNA cancer vaccine.
"The breadth of applications for Vical's gene-delivery technology continues to grow, and now encompasses vaccine candidates against infectious diseases and cancer, cancer immunotherapies, and gene-based angiogenesis for cardiovascular diseases," said Vijay Samant, Vical's chief executive.
The candidate vaccine is based on Vical's DNA gene-delivery technology and encodes human telomerase reverse transcriptase (hTERT, which is the subject of separate license agreement.
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