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AFFiRiS AG: Alzheimer's Vaccine AD02 Already in Clinical Phase II
Date:4/23/2010

n class="xn-chron">October 2008 when GlaxoSmithKline (GSK) Biologicals acquired the licence to the rights to the Alzheimer's vaccines in a milestone deal with a value of up to EUR 430 million. Two payments totalling EUR 32.5 million have already been triggered. AFFiRiS AG continues to hold all rights on the AFFITOME(R) technology for other indications. In summary, the AFFITOME(R) technology delivers short peptides which functionally mimic highly-specific original native structures that are the key targets for treatment of chronic diseases. Based on these peptides, vaccines can be generated which induce antibodies targeting pathological variants of human proteins, but leaving parental "healthy" structures untouched.

About AFFiRiS AG (date April 2010):

On the basis of the company's own patents, AFFiRiS develops tailor-made peptide vaccines against Alzheimer's disease, atherosclerosis, Parkinson's disease hypertension and four other conditions with an urgent medical requirement and attractive market volumes. Alzheimer's is currently the most advanced project, with two potential products having just completed the phase I clinical studies. In October 2008 GlaxoSmithKline Biologicals became the licence partner for the Alzheimer's vaccine. The contract envisages (milestone-dependent) payments of up to EUR 430 million. A payment of EUR 10 million was triggered in October 2009 by the positive completion of two clinical phase I studies. At present AFFiRiS has 70 highly qualified employees working at the St. Marx campus in Vienna, Austria (

SOURCE AFFiRiS AG
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