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Pfizer exercises right to develop Cytos's vaccines

This article was originally published in Scrip

Executive Summary

Pfizerhas exercised its option to acquire commercial licences for specific vaccines from Cytos Biotechnology. The vaccines, based on the Swiss company's Immunodrug technology, target specific diseases outside Cytos's own R&D programmes. It retains the rights to develop, manufacture and commercialise vaccines against different disease targets for the same human diseases. Pfizer will pay Cytos for the exclusive global rights to develop, manufacture and commercialise the vaccines. Immunodrugs are a new class of biopharmaceuticals that use virus-like particles, recombinantly produced virus shells containing no viral genetic information, as carriers for a variety of antigens to elicit a targeted immune response. Pfizer and Cytos signed an initial research, option and licence agreement in August last year (Scrip Online, August 15th, 2008).

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