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Pevion Grants CSL Option Right to its Therapeutic Candida Vaccine
Date:9/1/2011

BERN, Switzerland, September 1, 2011 /PRNewswire/ --

Pevion Biotech AG today announced that the company has granted to CSL Limited a right of first refusal for the commercialization of its therapeutic Candida vaccine in Australia and New Zealand. At the same time, both companies signed a long-term supply agreement under which CSL shall supply to Pevion components for its virosomal vaccines.

CSL, Australia's leading biopharmaceutical company, obtained a right of first refusal to an exclusive license for the commercialization of Pevion's PEV7 therapeutic vaccine in Australia and New Zealand. Further terms of the agreement were not disclosed. PEV7 is a therapeutic candidate vaccine for the treatment of Recurrent Vulvovaginal Candidiasis (RVVC), also known as chronic recurrent thrush, a largely unrecognized but highly debilitating condition, which affects 5% of adult women. PEV7 already obtained excellent preliminary clinical results showing that the therapeutic vaccine is safe and immunogenic in healthy volunteers.

"The novel character of PEV7, a first-in-class product, and its commercial potential has been recognized by an industry leader, such as CSL," commented Evert Kueppers, CEO of Pevion. "CSL is a leading supplier of vaccines in Australia and New Zealand and has been particularly successful with the early development and marketing of innovative products such as Gardasil®. We strongly believe that CSL would be an ideal commercial partner for our PEV7 therapeutic vaccine in these territories."

In addition to the granting of the PEV7 option, the two companies have signed a long-term supply agreement, whereby CSL manufactures certain biological components that are being used by Pevion in the in vitro assembly process of its virosomes. Virosomes are a regulatory and market-approved vaccine technology that fulfills multiple carrier and adjuvant functions in one. They form the basis of all of Pevion's proprietary and partnered pipeli
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SOURCE Pevion Biotech AG
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