June 4, 2014
Vaccibody, Phibro Animal Health enter into development and license agreement
The global poultry vaccine market accounts for over US$1 billion annually with vaccines dedicated to fighting diseases in broilers, layers and breeders, playing a critical role in animal welfare as well as protecting the industry from major economic losses.
"We are very pleased to enter into a collaboration where Vaccibody's potent and innovative technology will benefit from Phibro's demonstrated global capabilities in developing poultry vaccines and bringing them to market. We expect the collaboration to foster novel and highly effective vaccines for the poultry industry. This agreement is the first step in carrying out the company's strategy of entering into partnerships to exploit the broad applicability of our platform technology. Simultaneously, it allows Vaccibody to focus its resources on its own internal cancer vaccine development program," said Ole Henrik Brekke, Vaccibody's CEO.
"We are very excited about working with Vaccibody to apply its technology to further enhance Phibro's strong portfolio of poultry vaccines," said Larry Miller, President, Animal Health, of Phibro. "This agreement marks another milestone in Phibro Vaccines' focus on bringing real innovation to help solve the very challenging disease issues faced by our global customers."
