Osivax and KM Biologics Enter Exclusive License Option Agreement for Broad-Spectrum “Universal” Influenza Vaccine in Japan
September 10 2024 - 2:00AM
Business Wire
- KM Biologics, a Meiji Group company, has received an
exclusive option to exercise an exclusive license for the
development, manufacturing and commercialization of Osivax’s
broad-spectrum “universal” influenza vaccine candidates in
Japan
- Osivax is to receive upfront payment for execution of the
license option agreement, and is eligible for an additional upfront
payment, development and regulatory milestone payments, as well as
tiered royalties upon execution of the license agreement
Osivax, a biopharmaceutical company developing vaccines to
provide broad-spectrum protection against highly mutating
respiratory viruses, and KM Biologics Co., Ltd., a leading vaccine
manufacturer in Japan, today announced a license option agreement
granting KM Biologics an exclusive license option to develop,
manufacture and commercialize Osivax’s broad-spectrum “universal”
influenza vaccine candidates for the Japanese market. Osivax will
receive an upfront payment for the execution of the license option
agreement and, upon KM Biologics exercising the option, Osivax will
be entitled to an additional upfront payment, payments upon
achievement of several development and regulatory milestones, and
tiered royalties per candidate. Financial details of the license
option agreement have not been disclosed.
“We highly value the opportunity to collaborate with KM
Biologics, an experienced and established influenza vaccine
developer and manufacturer in Japan. This presents an exciting
opportunity for us to expand the reach of our broad-spectrum
‘universal’ influenza vaccine candidates to a country that is at
the forefront of seasonal and pandemic flu prevention,” said
Alexandre Le Vert, CEO and Co-Founder of Osivax. “The
license option agreement underscores the potential of our oligoDOM™
technology to generate T-Cell vaccines capable of providing
universal protection against current and future influenza strains
on a global scale.”
“We are impressed with the innovative potential of Osivax’s
broad-spectrum ‘universal’ influenza vaccine candidates and
oligoDOM™ technology,” commented Toshiaki Nagasato, President
and Representative Director of KM Biologics. “This license
option agreement opens the possibility for us to utilize KM
Biologics’ capabilities, partnerships, and extensive market
knowledge to bring Osivax’s novel influenza vaccines to Japan. The
opportunity of this new approach to meeting the diverse needs in
the influenza vaccine market will further improve vaccination rates
and better control influenza disease burden, contributing towards
the enhancement of the public health.”
About Osivax
Osivax is a clinical-stage biopharmaceutical company leveraging
its novel, self-assembling nanoparticle platform technology,
oligoDOM™, to develop transformative, first-in-class
pan-respiratory virus vaccines generating superior T-cell responses
in addition to strong and sustained B-cell responses. The company
is establishing proof of concept with its broad-spectrum
“universal” influenza vaccine candidate, OVX836, which is currently
in Phase 2 clinical trials with over 1,200 volunteers tested and
encouraging efficacy proof of concept data. Osivax’s ambition is to
develop a pan-respiratory virus vaccine to prevent all strains of
influenza and all variants of Covid-19 in one single shot. The
company will expand into other infectious disease indications
through combinations and collaborations worldwide.
For further information: https://osivax.com/
About KM Biologics
KM Biologics is a pivotal member of the Meiji Group’s
pharmaceutical segment. The company specializes in research,
development, manufacturing, and supply of human vaccines and blood
plasma products, as well as in newborn screening, and has been
committed to enhancing the public health over 78 years history
including its predecessor. The company has a proven track record of
delivering a variety of high-quality vaccines and is a top
manufacturer of the seasonal influenza vaccine in Japan. The
company has been prepared and committed to, in the event of an
influenza pandemic, supply vaccines to 57 million people.
For more information, visit https://www.kmbiologics.com/en/.
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version on businesswire.com: https://www.businesswire.com/news/home/20240909962843/en/
Contact Osivax Alexandre LE VERT, CEO contact@osivax.com
+33 (0)9 70 30 13 80 For Media Inquiries Trophic
Communications Desmond James or Valeria Fisher osivax@trophic.eu
+49 (0) 151 678 59086 or +49 (0) 175 804 1816 Contact KM
Biologics Public Relations Section, Corporate Planning Dept.
global-strategy@kmbiologics.com