The biotech company MediGene AG (Frankfurt, Prime Standard, TecDAX) announces that MediGene, Inc., its wholly owned subsidiary, has assigned its development program of oncolytic (cancer killing) herpes simplex viruses (oHSV), to Catherex, Inc., a private US company located in Philadelphia, Pennsylvania. In return, MediGene receives a 40% stake in Catherex, making MediGene the main shareholder of this newly founded company.
MediGene will support the future development of the oHSV technology by appointing two persons to the Supervisory Board of Catherex. In addition, should the NV1020 project be further developed by Catherex, MediGene would be entitled to further stock options
MediGene will support the future development of the oHSV technology by appointing two persons to the Supervisory Board of Catherex. In addition, should the NV1020 project be further developed by Catherex, MediGene would be entitled to further stock options
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