By Estel Grace Masangkay Dutch biotechnology company Mucosis B.V. announced that it has entered into a strategic, long-term collaboration and license agreement with China-based Changchun BCHT Biotechnology Co (BCHT). Mucosis also reported that it has raised 5 million in a new financing round. Under the terms of the new agreement, Mucosis will receive an equity investment along with customary payments. This includes royalties for the licensing of its SynGEM prefusion F vaccine candidate for prophylaxis of respiratory synctial virus (RSV). Mucosis Mimopath platform will also be licensed for other disease targets within the Peoples Republic of China on an exclusive basis and non-exclusively in other countries within Asia. Dr Kong, President of Changchun BCHT Biotechnology Co., said, We are delighted to form this strategic partnership with Mucosis BV to advance the RSV SynGEM vaccine program and develop other vaccine candidates based on the validated Mimopath platform technology. I believe this business relationship between our two companies will strengthen our pipeline of new vaccine products. Changchun BCHT Biotechnology is a 600-person biopharmaceutical enterprise based in China and focused on R&D, production, and commercialization of vaccines, peptide drugs, and biologics. Thomas Johnston, CEO of Mucosis, said, We are pleased with BCHT joining … Continue reading
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