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Crucell Signs Second Exclusive License Agreement with Talecris Biotherapeutics
LEIDEN, NETHERLANDS -- (Marketwire) -- 12/17/08 -- Leiden, The Netherlands (December 17,2008) - Dutch biopharmaceuticalcompany Crucell N.V. (Euronext, Nasdaq: CRXL; Swiss Exchange: CRX)today announced that it has signed a second exclusive, commerciallicense agreement with North Carolina-based Talecris Biotherapeuticsfor an undisclosed and specific protein and the exclusive rights toproduce that protein using the PER.C6® cell line.
Crucell will receive an upfront payment of $1.5 million following theexecution of the agreement and will be eligible for milestonepayments of approximately $20 million. Further financial details ofthe agreement were not disclosed.
In September Crucell announced that it had signed an exclusive,commercial license agreement with North Carolina-based TalecrisBiotherapeutics also for an undisclosed and specific protein and theexclusive rights to produce that protein using the PER.C6® cell line.For that deal Crucell received an upfront payment of $2.5 million andis eligible for milestone payments of approximately $30 millionacross multiple indications.
About PER.C6® Technology
Crucell's PER.C6® technology platform has been developed for thelarge-scale manufacture of biopharmaceutical products such asrecombinant proteins including monoclonal antibodies. Compared toconventional production technologies, the strengths of PER.C6®technology lie in its excellent safety profile, scalability andproductivity under serum-free culture conditions.
About Crucell
Crucell N.V. (Euronext, NASDAQ: CRXL; Swiss Exchange: CRX) is aglobal biopharmaceutical company focused on research, development,production and marketing of vaccines, proteins and antibodies thatprevent and treat infectious diseases. Its vaccines are sold inpublic and private markets worldwide. Crucell's core portfolioincludes a vaccine against hepatitis B, a fully-liquid vaccineagainst five important childhood diseases and a virosome-adjuvantedvaccine against influenza. Crucell also markets travel vaccines, suchas the only oral anti-typhoid vaccine, an oral cholera vaccine andthe only aluminum-free hepatitis A vaccine on the market. The Companyhas a broad development pipeline, with several product candidatesbased on its unique PER.C6® production technology. The Companylicenses its PER.C6® technology and other technologies to thebiopharmaceutical industry. Important partners and licensees includeDSM Biologics, sanofi-aventis, Novartis, Wyeth and Merck & Co.Crucell is headquartered in Leiden, the Netherlands, withsubsidiaries in Switzerland, Spain, Italy, Sweden, Korea and the US.The Company employs over a 1000 people. For more information, pleasevisit www.crucell.com.
About Talecris Biotherapeutics: Inspiration. Dedication. Innovation.
Talecris Biotherapeutics is a global biotherapeutic and biotechnologycompany that discovers, develops and produces critical caretreatments for people with life-threatening disorders in a variety oftherapeutic areas including immunology, pulmonology, and hemostasis.Talecris is proudly building upon a 60-year legacy of innovation anda commitment to improving the lives of people who rely on itstherapeutic products. With an emphasis on scientific inquiry andtechnological excellence, Talecris is expanding its current portfolioof products, programs, and services through its own world-classproduct development organization as well as through strategicinitiatives that leverage its strengths with those of its partners.Talecris, with revenues of approximately $1.2 billion in 2007, isheadquartered in biotech hub Research Triangle Park, N.C., andemploys more than 4,500 talented people worldwide. To learn moreabout Talecris and how its employees are making a difference in thelives of patients and the healthcare community, visitwww.talecris.com.
Forward-looking statements
This press release contains forward-looking statements that involveinherent risks and uncertainties. We have identified certainimportant factors that may cause actual results to differ materiallyfrom those contained in such forward-looking statements. Forinformation relating to these factors please refer to our Form 20-F,as filed with the U.S. Securities and Exchange Commission on May 7,2008, and the section entitled "Risk Factors". The Company preparesits financial statements under International Financial ReportingStandards (IFRS).
For further information please contact:Crucell N.V.Oya YavuzDirector Corporate Communications & Investor RelationsTel. +31-(0)71-519 7064ir@crucell.comwww.crucell.com
PDF file: http://hugin.info/132631/R/1278167/285099.pdf
This announcement was originally distributed by Hugin. The issuer issolely responsible for the content of this announcement.
Copyright © Hugin AS 2008. All rights reserved.
In September Crucell announced that it had signed an exclusive,commercial license agreement with North Carolina-based TalecrisBiotherapeutics also for an undisclosed and specific protein and theexclusive rights to produce that protein using the PER.C6® cell line.For that deal Crucell received an upfront payment of $2.5 million andis eligible for milestone payments of approximately $30 millionacross multiple indications.
About PER.C6® Technology
Crucell's PER.C6® technology platform has been developed for thelarge-scale manufacture of biopharmaceutical products such asrecombinant proteins including monoclonal antibodies. Compared toconventional production technologies, the strengths of PER.C6®technology lie in its excellent safety profile, scalability andproductivity under serum-free culture conditions.
About Crucell
Crucell N.V. (Euronext, NASDAQ: CRXL; Swiss Exchange: CRX) is aglobal biopharmaceutical company focused on research, development,production and marketing of vaccines, proteins and antibodies thatprevent and treat infectious diseases. Its vaccines are sold inpublic and private markets worldwide. Crucell's core portfolioincludes a vaccine against hepatitis B, a fully-liquid vaccineagainst five important childhood diseases and a virosome-adjuvantedvaccine against influenza. Crucell also markets travel vaccines, suchas the only oral anti-typhoid vaccine, an oral cholera vaccine andthe only aluminum-free hepatitis A vaccine on the market. The Companyhas a broad development pipeline, with several product candidatesbased on its unique PER.C6® production technology. The Companylicenses its PER.C6® technology and other technologies to thebiopharmaceutical industry. Important partners and licensees includeDSM Biologics, sanofi-aventis, Novartis, Wyeth and Merck & Co.Crucell is headquartered in Leiden, the Netherlands, withsubsidiaries in Switzerland, Spain, Italy, Sweden, Korea and the US.The Company employs over a 1000 people. For more information, pleasevisit www.crucell.com.
About Talecris Biotherapeutics: Inspiration. Dedication. Innovation.
Talecris Biotherapeutics is a global biotherapeutic and biotechnologycompany that discovers, develops and produces critical caretreatments for people with life-threatening disorders in a variety oftherapeutic areas including immunology, pulmonology, and hemostasis.Talecris is proudly building upon a 60-year legacy of innovation anda commitment to improving the lives of people who rely on itstherapeutic products. With an emphasis on scientific inquiry andtechnological excellence, Talecris is expanding its current portfolioof products, programs, and services through its own world-classproduct development organization as well as through strategicinitiatives that leverage its strengths with those of its partners.Talecris, with revenues of approximately $1.2 billion in 2007, isheadquartered in biotech hub Research Triangle Park, N.C., andemploys more than 4,500 talented people worldwide. To learn moreabout Talecris and how its employees are making a difference in thelives of patients and the healthcare community, visitwww.talecris.com.
Forward-looking statements
This press release contains forward-looking statements that involveinherent risks and uncertainties. We have identified certainimportant factors that may cause actual results to differ materiallyfrom those contained in such forward-looking statements. Forinformation relating to these factors please refer to our Form 20-F,as filed with the U.S. Securities and Exchange Commission on May 7,2008, and the section entitled "Risk Factors". The Company preparesits financial statements under International Financial ReportingStandards (IFRS).
For further information please contact:Crucell N.V.Oya YavuzDirector Corporate Communications & Investor RelationsTel. +31-(0)71-519 7064ir@crucell.comwww.crucell.com
PDF file: http://hugin.info/132631/R/1278167/285099.pdf
This announcement was originally distributed by Hugin. The issuer issolely responsible for the content of this announcement.
Copyright © Hugin AS 2008. All rights reserved.
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