GSK declines to exercise cancer vaccine licence option

Published: 29-Apr-2005

GlaxoSmithKline (GSK) has decided not to exercise a previously granted right to negotiate a licence agreement with Danish company Pharmexa for its HER-2 Protein AutoVac vaccine, which recently started Phase II trials in breast cancer.


GlaxoSmithKline (GSK) has decided not to exercise a previously granted right to negotiate a licence agreement with Danish company Pharmexa for its HER-2 Protein AutoVac vaccine, which recently started Phase II trials in breast cancer.

Pharmexa's strategy for the vaccine is to develop the product through phase II before a development and marketing partner is sought.

Pharmexa ceo Jakob Schmidt said: 'Now was not the right time for having these discussions, and I fully agree with their decision. I still expect GSK to be one of a handful of potential partners we will talk to when we have proof of concept data from the Phase II programme in the second half of 2006.'

  

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