AI
Tuesday, July 29, 2014 8:45:30 AM
KBIO - 1.93 Agreement with Sanofi terminated. Stock is at 1.65/1.77 in pre-market. This may be a buying opportunity once the dust clears.
KB001-A Collaboration Update
KaloBios announced that it has reached an agreement with Sanofi Pasteur to regain all rights to KaloBios' KB001-A program. Under this agreement, the collaboration and licensing agreement entered into in 2010 has been terminated. Under that collaboration agreement, Sanofi Pasteur had been developing KB001-A, a patented monoclonal antibody targeting Pseudomonas aeruginosa (Pa), for Pa pneumonia prevention in the intensive care setting while KaloBios had been developing KB001-A for chronic treatment of Pa lung infections in cystic fibrosis (CF) patients.
KB001-A Collaboration Update
KaloBios announced that it has reached an agreement with Sanofi Pasteur to regain all rights to KaloBios' KB001-A program. Under this agreement, the collaboration and licensing agreement entered into in 2010 has been terminated. Under that collaboration agreement, Sanofi Pasteur had been developing KB001-A, a patented monoclonal antibody targeting Pseudomonas aeruginosa (Pa), for Pa pneumonia prevention in the intensive care setting while KaloBios had been developing KB001-A for chronic treatment of Pa lung infections in cystic fibrosis (CF) patients.
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