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Viventia Biotech and DowpharmaSM Announce a Multi-Product Commercial License Agreement using Pfēnex Expression Technology™ from Dowpharma Toronto, Canada - February 14, 2006 Viventia Biotech Inc. (Toronto, Canada) and DowpharmaSM contract manufacturing services, a business unit of The Dow Chemical Company (NYSE: DOW), today announced they have entered into a commercial license agreement for Pfnex Expression Technology , a Pseudomonas-based technology from Dowpharma. Under the terms of the agreement, Viventia will employ Pfnex Expression Technology for up to six different therapeutic compounds, the first of which is an antibody-based product candidate in preclinical development. Pfnex Expression Technology accelerates speed to market for vaccines and biotherapeutics by improving quality, boosting yields of difficult-to-express proteins and reducing the cost of existing microbial systems. The agreement specifies milestone payments and commercial royalties on product sales; additional financial details were not disclosed. "Our proprietary Armed Antibodies™ platform is a cutting edge approach yielding powerful yet precise antibody-based therapeutics for the treatment of a variety of cancers," said Nick Glover, Ph.D, Chief Executive Officer of Viventia Biotech. "To support the commercialization strategies for our drugs, it is essential that we be able to produce our Armed Antibodies efficiently and at commercially viable levels. Pfnex may enable us to increase the expression of our Armed Antibodies beyond the levels of other expression technologies and speed our process development." "We look forward to expanding the technology applicability of Pfnex by expressing antibody-based products, which are traditionally very difficult to express," said Nick Hyde, global business director, Dowpharma. "This agreement further validates the biopharmaceutical industry's need to more quickly and efficiently produce biotherapeutics." Dowpharma has an unmatched record in developing high-productivity strains for the manufacture of numerous protein products for both clinical and industrial applications. Pfnex Expression Technology is built around specially modified strains of Pseudomonas fluorescens bacteria that increase cellular expression of recombinant proteins and peptides while maintaining critical solubility and activity characteristics. Pfnex Expression Technology consistently outperforms other microbial systems, often with yields five to ten times greater than the next best expression alternative. About Dowpharma Dowpharma manufactures small molecule Active Pharmaceutical Ingredients (APIs) and intermediates, nucleic acid medicines, cGMP polymers, peptides and therapeutic proteins from microbial fermentation and plant-based systems. Dowpharma draws upon over 30 years of excellent cGMP regulatory compliance in the organic synthesis of APIs and pharmaceutical intermediates with the ability to provide client support in filing and validation strategies. Dowpharma operates research, process development, and manufacturing facilities in North America and Europe. More information is available at www.dowpharma.com. About Dow About Viventia Biotech Viventia, Proxinium™, Vicinium™ and Armed Antibodies™ are trademarks of Viventia Biotech Inc. For Editorial Information: Kathy W. Sweeney James Smith |
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