Crucell (CRXL)

[surf1944]

2:02AM Crucell N.V. reaches agreement with sanofi pasteur on programs in field of paediatric and respiratory vaccines (CRXL) 18.66 : Co announces that Crucell and sanofi pasteur (SNY) reached an agreement on a series of transactions to restructure their partnership. Crucell will waive its right to terminate an existing license agreement between Crucell Switzerland and sanofi pasteur's subsidiary Shantha Biotechnics Ltd for the development of paediatric vaccines, based on Haemophilus influenzae b. This termination right was triggered by the acquisition of Shantha by sanofi pasteur in July 2009. At the same time, sanofi pasteur will return to Crucell the commercial rights that sanofi pasteur held under an exclusive license agreement for the development and commercialization of a cell-based influenza vaccine, based on Crucell's PER.C6 technology. Crucell will assume full responsibility for the FluCell program and will commence immediately with the development of a cell-based influenza vaccine.