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Pharmexa and Affitech enter into an exclusive license agreement to promote Diabody technology

04 Apr 2007 - Pharmexa and Affitech A/S have entered into a license agreement to promote a single chain bi-specific antibody (diabody) technology to third parties for further product development, as well as to utilize the technology for Affitech's own research.
 
Pharmexa has granted a worldwide exclusive license to Affitech AS for certain intellectual property rights (IPR) to recombinant antibody-like proteins known as bi-specific single chain antibodies, or diabodies. Diabodies have unique attributes making them attractive candidates for a variety of therapeutic applications. Under the terms of the agreement, Affitech may conduct IND-enabling research activities and will sub-license the IPR to third parties to conduct relevant activities leading to the manufacturing and commercialization of licensed products. Pharmexa and Affitech will share all proceeds from such third party agreements.