Symphogen and Cambridge Antibody Technology sign patent licensing agreement

Published: 23-Aug-2005

Danish biotech company Symphogen has entered into a patent license agreement with UK-based Cambridge Antibody Technology (CAT). Under the terms of the agreement, Symphogen receives a license to use CAT's antibody phage display patents for research purposes and to develop and commercialise a number of therapeutic and diagnostic antibody products.


Danish biotech company Symphogen has entered into a patent license agreement with UK-based Cambridge Antibody Technology (CAT). Under the terms of the agreement, Symphogen receives a license to use CAT's antibody phage display patents for research purposes and to develop and commercialise a number of therapeutic and diagnostic antibody products.

Upon signing the agreement, Symphogen made an upfront payment for the license and exercised its first product license option to develop and commercialise its lead product Sym001. Sym001 is a recombinant, fully human, anti Rhesus D polyclonal antibody that Symphogen is developing for Idiopathic Thrombocytopenic Purpura (ITP) and Hemolytic Disease of Newborns (HDN). The Company plans to file an IND for initiation of Phase I clinical trials in 2006.

As a condition of exercising this option, Symphogen paid a product license fee and may make future milestone and royalty payments to CAT.

'We are very pleased to have secured access to Cambridge Antibody Technology's validated phage display patent estate. Combined with our proprietary antibody technology, Symphage, this strengthens our competitiveness in the antibody arena,' said Kirsten Drejer, ceo of Symphogen. 'Our strategy is to build a strong portfolio of therapeutic recombinant polyclonal antibodies through our internal efforts and in collaboration with partners.'

  

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