If the ongoing projects develop as expected, the mutually agreed option for Santo and MIG could deliver another EUR 30 million in equity to the company.
About AFFiRiS AG (as of November 2011):
Based on the company's own patent positions, AFFiRiS develops tailor-made peptide vaccines for Alzheimer's disease, Atherosclerosis, Parkinson's disease, hypertension and several other conditions with urgent requirement for new treatments and attractive market volumes. Alzheimer's is the current lead indication. A license and option agreement for the Alzheimer's vaccine programme was concluded with GlaxoSmithKline in October 2008, triggering an up-front payment of EUR 22.5 million. The contract envisages (milestone-dependent) payments of up to EUR 430 million. An initial milestone payment of EUR 10 million was made in October 2009 followed by EUR 3.5 million as announced recently. AFFiRiS currently employs 83 highly-qualified staff at the Campus Vienna Biocenter in Vienna, Austria (http://www.affiris.com).
About Santo VC GmbH
Santo VC GmbH is the venture capital arm of Athos Service GmbH, the family office of the Strüngmann family.
Based in Munich, MIG Funds ranks as one of Germany's most dynamic venture capital companies. Since 2005 MIG has been launching funds and has invested in over 25 innovative German and Austrian companies to date.
The MIG fund portfolio is managed by MIG AG. With a total volume of over EUR 500 million, the funds are marketed exclusively by AWAG (http://www.awag.ag) and are primarily directed at private investors.
MIG funds are conceived and drawn up by HMW Emissionshaus AG.
For further information on MIG funds, MIG AG and its investment portfolio, pleas
|SOURCE AFFiRiS AG|
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