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AFFiRiS AG: Vaccination Against Hypertension is Development Project No. 4 and has Already Been Awarded an FFG Grant of up to EUR 1.2 Million
Date:2/25/2010

he company's own AFFITOME(R) technology. However, for the first time it is now being used against a human hormone. The reason for this announcement is the gratifying approval of significant development funds by the Austrian Research Promotion Agency, FFG.

Today, Viennese biotech company AFFiRiS AG announced the start of a new program to develop a vaccine against hypertension. This means that there are now four of the company's current seven development projects in the public domain. The specific reason for the "outing" of project no. 4 was the approval of public research promotion funds by the FFG. The vaccine is targeting angiotensin II, a peptide hormone that can cause narrowing of the blood vessels and thereby hypertension.

Dr. Walter Schmidt, CEO of AFFiRiS AG comments on the company's development pipeline: "With projects in seven different indications at the moment, AFFiRiS AG has achieved a broad diversification of potential development risks. While building up this pipeline we were consequently guided by our strategic focus, which is targeting disease areas with very large numbers of patients and lack of optimal therapies. We believe that systematic risk distribution, together with a focus on indications with a high market potential is the key for substantial success of a biotechnology company. The early VC investment by MIG Fonds AG, Munich, was of substancial importance for the establishment of our strong development pipeline. Our first licensing agreement on our Alzhe
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SOURCE AFFiRiS AG
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