The first license agreement was signed with a global pharmaceutical company, which provides products and services in more than 50 countries throughout the world, and a second license agreement was signed with one of the largest animal vaccine manufacturers in Japan, both to evaluate the potential of EB66® cells to produce new vaccines.
Thomas Lingelbach, President and Chief Executive Officer and Franck Grimaud, President and Chief Business Officer of Valneva commented,
“We are very pleased to extend the use of our EB66® technology in Japan, especially by collaborating with two leading companies which have been developing innovative human and veterinary vaccines. The EB66® cell line has been very successful in Japan as two marketing approvals for products produced in EB66® cells have been achieved for both a human and veterinary vaccine, and we are looking forward to further approvals in the future.” The company names and the financial terms of the agreements were not disclosed due to confidentiality but do include annual fees and pre-agreed financial terms for future product commercialization. To date, Valneva has more than 35 agreements encompassing over 50 products in development using the EB66® cell line with companies throughout the world.
About the EB66® Cell Line
Valneva’s EB66® cell line is a highly efficient platform for vaccine production. It is derived from duck embryonic stem cells and today represents a compelling alternative to the use of chicken eggs for large scale manufacturing of human and veterinary vaccines. To date, Valneva has more than 35 research and commercial agreements with the world’s largest pharmaceutical companies to utilize its EB66® technology. The first human vaccine using EB66® technology received marketing approval in 2014 and the first veterinary vaccine in 2012
About Valneva SE
Valneva is a European biotech company focused on vaccine development and antibody discovery. It was formed in 2013 through the merger of Intercell AG and Vivalis SA. Valneva’s mission is to excel in both antibody discovery, and vaccine development and commercialization, either through in-house programs or in collaboration with industrial partners using innovative technologies developed by the company. Valneva generates diversified revenue from both its marketed product, a vaccine for the prevention of Japanese encephalitis (IXIARO®), commercial partnerships around a portfolio of product candidates (in-house and partnered), and licensed technology platforms (EB66® cell line, VIVA|Screen® antibody discovery technology, and the IC31® adjuvant) that are becoming widely adopted by the biopharmaceutical industry worldwide. Headquarted in Lyon, France, the company employs approximately 270 people in France, Austria, Scotland, the United States, and Japan. www.valneva.com
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