CSL Limited (ASX:CSL; USOTC:CSLLY) today announced that its subsidiary, CSL Seqirus, finalized its global collaboration and license agreement with Arcturus Therapeutics Holdings Inc (“Arcturus Therapeutics"; NASDAQ: ARCT).
CSL to access late-stage next-generation mRNA platform technology, enabling development of vaccines for COVID-19, influenza, multi-pathogen pandemic preparedness and other respiratory pathogens KING OF PRUSSIA, Pa., Dec. 12, 2022 /PRNewswire/ -- CSL Limited (ASX:CSL; USOTC:CSLLY) today announced that its subsidiary, CSL Seqirus, finalized its global collaboration and license agreement with Arcturus Therapeutics, Inc. (“Arcturus Therapeutics"; NASDAQ: ARCT). The agreement grants access to Arcturus Therapeutics’ late-stage self-amplifying mRNA (sa-mRNA) vaccine platform technology, which recently reported results from a large COVID-19 Phase III vaccine efficacy study, meeting its primary and secondary endpoints of prevention of infection and severe disease with a favorable safety and tolerability profile. The agreement was announced last month and under the terms of the agreement, Arcturus Therapeutics will receive an upfront payment of US$200 million and will be eligible to receive further payments dependent upon the achievement of certain development and commercial milestones along with royalties/profit sharing on future product sales. “This agreement provides CSL with an opportunity to strengthen and accelerate our goals for the next generation of mRNA vaccines and underscores our commitment to pursuing new and innovative ways of protecting public health,” said CSL Chief Operating Officer Paul McKenzie. “This is a significant leap forward with a demonstrated platform that will allow us to further explore influenza-adjacent therapies.” Under the agreement, CSL will have the exclusive license to Arcturus’ next generation mRNA technology in the fields of influenza, COVID-19 and other respiratory viral diseases, and a non-exclusive license in the multi-pathogen pandemic preparedness field with the right to turn exclusive. “Like gene therapy for rare diseases, sa-mRNA is a disruptive technology that is on the leading-edge of innovation, when it comes to vaccine development,” said Dr. Bill Mezzanotte, Head of R&D and Chief Medical Officer, CSL. “Next-generation mRNA technology serves as one of our strategic scientific platforms at CSL and in our evaluation of Arcturus, we saw the right external innovation to strategically complement our in-house next-generation mRNA capabilities and reinforce our longstanding leadership in influenza.” About COVID-19 About Seasonal Influenza About Pandemic Influenza About CSL About CSL Seqirus Media Contact CSL R&D Communications CSL Seqirus Communications References 1 Centers for Disease Control and Prevention (CDC). (2021). Basics of COVID-19. Retrieved from: https://www.cdc.gov/coronavirus/2019-ncov/your-health/about-covid-19/basics-covid-19.html#:~:text=COVID%2D19%20is%20caused%20by,East%20respiratory%20syndrome%20(MERS). Accessed December 2022. 2 CDC. (2022). Symptoms of COVID-19. Retrieved from: https://www.cdc.gov/coronavirus/2019-ncov/symptoms-testing/symptoms.html. Accessed December 2022. 3 CDC. (2022). COVID Data Tracker. Retrieved from: https://covid.cdc.gov/covid-data-tracker/#datatracker-home. Accessed December 2022. 4 CDC. (2022). Getting Your COVID-19 Vaccine. Retrieved from: https://www.cdc.gov/coronavirus/2019-ncov/vaccines/expect.html?s_cid=11782:how%20soon%20after%20covid%20can%20you%20get%20vaccine:sem.ga:p:RG:GM:gen:PTN.Grants:FY22. Accessed December 2022. 5 CDC. (2022). Key Facts about Influenza. Retrieved from https://www.cdc.gov/flu/about/keyfacts.htm. Accessed December 2022. 6 CDC. (2022). Estimated Influenza Illnesses, Medical visits, Hospitalizations, and Deaths in the United States – 2019-2020 Influenza Season. Retrieved from: https://www.cdc.gov/flu/about/burden/2019-2020.html. Accessed December 2022. 7 CDC. (2022). Who Needs a Flu Vaccine and When. Retrieved from: https://www.cdc.gov/flu/prevent/vaccinations.htm. Accessed December 2022. 8 CDC. (2016). Pandemic Basics. Retrieved from: https://www.cdc.gov/flu/pandemic-resources/basics/index.html. Accessed October 2022. 9 WHO. (2014). How pandemic influenza emerges. Retrieved from: https://www.who.int/europe/news-room/fact-sheets/item/how-pandemic-influenza-emerges. Accessed December 2022. 10 WHO. (2017). Pandemic Influenza Risk Management: A WHO guide to inform and harmonize national and international pandemic preparedness and response. Retrieved from: https://apps.who.int/iris/bitstream/handle/10665/259893/WHO-WHE-IHM-GIP-2017.1-eng.pdf;jsessionid=4421F16879D2F8B96481F8D0C745C7F3?sequence=1. Accessed December 2022. 11 CDC. (2015). Highly Pathogenic Asian Avian Influenza A(H5N1) in People. Retrieved from: https://www.cdc.gov/flu/avianflu/h5n1-people.htm. Accessed December 2022.
View original content:https://www.prnewswire.com/news-releases/csl-announces-closing-of-global-collaboration-and-licensing-agreement-with-arcturus-therapeutics-301700285.html SOURCE CSL | ||
Company Codes: Australia:CSL, OTC-PINK:CSLLY, NASDAQ-NMS:ARCT, OTC-BB:CSLLY, OtherOTC:CSLLY |