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Soligenix and Intrexon Pursue Melioidosis Therapy Through Worldwide Exclusive Collaboration
Date:5/1/2013

platform for the development of active pharmaceutical ingredient(s) (API) and drug products targeting Melioidosis.
  • Soligenix will leverage Intrexon's proprietary platforms and technologies, including the UltraVector® and mAbLogix platforms, LEAP instrument, protein engineering, inducible gene systems, genome engineering, and cell systems engineering to the collaboration's programs.
  • Soligenix will issue to Intrexon 1,034,483 shares of its common stock, representing 8.5% of Soligenix's issued and outstanding shares.
  • Intrexon will be granted the right to participate in securities offerings that may be conducted by Soligenix in the future as well as the right to make purchases of Soligenix's common stock in the open market.
  • Soligenix will pay development milestones and royalties on net sales derived from the sale of products developed from the channel collaboration.
  • For more information regarding the agreement visit http://www.soligenix.com/invest_secfilings.shtml.
  • Griffin Securities served as financial advisor to Intrexon in connection with this transaction.

    About Melioidosis

    Melioidosis is a potentially fatal infection caused by the Gram-negative bacillus, Burkholderia pseudomallei (Bp). Highly resistant to many antibiotics, Bp can cause an acute disease characterized by a fulminant pneumonia and a chronic condition that can recrudesce. There is no preventive vaccine or effective immunotherapy for melioidosis. Therefore, there is a significant medical need for improved prevention and therapy.

    Bp infection (melioidosis) is a major public health concern in the endemic regions of Southeast Asia and Northern Australia. Moreover, the organism has a worldwide distribution and the full extent of global spre
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    SOURCE Soligenix, Inc.
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