Quebec City,
Canada and
Norwich, United Kingdom
August 8, 2006
Medicago and
Plant Bioscience Limited
(PBL) announced today the signing of license agreements to give
Medicago access to a range of technologies for the high level
expression of heterologous proteins in plants. The agreements
give Medicago access to PBL’s bipartite expression system and a
wide range of suppressors of gene silencing.
The bipartite
viral expression system was developed by Dr George Lomonossoff
and co-workers at the John Innes Centre, UK using specific
elements of comoviruses. It achieves high levels of heterologous
protein expression by relying on truncated replicons for
amplification. It also has the benefit of not requiring the
production of infective viral particles and thus provides
complete bio-containment. A patent application with inventors
from the John Innes Centre and Medicago has been filed by PBL.
The suppressors of gene silencing are from two other research
groups.
Under the
agreements Medicago receives a non-exclusive license with
exclusive options to produce pharmaceutical and industrial
proteins in Medicago, Trifolium and Nicotiana species.
PBL will receive license fees and milestone fees as well as
product royalties. Details of the financial terms were not
disclosed.
Medicago is a
leading biotechnology company focused on the development,
production and commercialization of protein-based
biopharmaceutical products using unique manufacturing systems
developed from its expertise in the genetic engineering of
plants.
“We believe
that Medicago is an excellent partner to further develop and use
this unique protein expression technology and to bring to market
successful and innovative products, together with its partners.
The combination of Medicago’s unique manufacturing systems and
the advantages of the bipartite expression system will result in
the safe and efficient production of protein based
pharmaceuticals. We are delighted that the John Innes Centre’s
first class science is being used in such immediate and
practical applications, and also that our partner Medicago is
able to benefit from a multiple technology package drawn from
across PBL’s portfolio” said Dr Jan Chojecki, Managing
Director, PBL.
“I am very
pleased with our collaboration with Dr. George Lomonossoff. In a
short timeframe we have been able to demonstrate that the
bipartite expression system provides a robust and broadly
applicable approach for high speed and high level protein
production in plants” said Dr. Louis Vezina, VP Research and
Development.
Andy Sheldon,
President and CEO added “We are delighted to announce this
license agreement with PBL. We view this agreement as a
significant step towards our goal of becoming a leading provider
of innovative protein manufacturing solutions in plants.”
Medicago is a biotechnology company focused on the development,
production and commercialization of protein-based
biopharmaceuticals using a proprietary manufacturing system
developed from its expertise in the genetic engineering of
plants. Medicago‘s breakthrough Proficia™ technology offers
speed, flexibility and cost advantages that can greatly improve
the accessibility of today’s emerging biopharmaceuticals for
both partners and patients. The company has established
collaboration agreements with
Acambis PLC (NASDAQ: ACAM) and
InterveXion Therapeutics
LLC for the development of several products and is also
developing its own proprietary pipeline. Located in Québec City,
Medicago is a venture capital backed company.
Plant Bioscience Limited is a technology development and
intellectual property management company specialising in plant
and microbial science. Established in 1994, the
Company is jointly and equally owned by
the Sainsbury Laboratory the
John
Innes Centre and the BBSRC. PBL actively identifies, protects, markets and commercialises
intellectual property and materials generated from public-funded
research in the plant and microbial sciences. |