Biotech company Affinivax has entered into a collaboration agreement with Nosocomial Vaccine Corporation, which was established by ClearPath Development Company and its partner Astellas (TYO: 4503).
The collaborate will use Affinivax’s proprietary vaccine platform, called Multiple Antigen Presentation System, to develop vaccines that prevent bacterial nosocomial infections. These are also referred to as healthcare associated infections (HAIs). The funding from Nosocomial Vaccine is sufficient to support the development of product candidates to clinical testing.
HAIs are of significant global health concern and the USA’s Centers for Disease Control and Prevention estimate that 4% of patients in the country will contract an HAI every year in medical facilities. The cost of HAIs has been reported as $9.8 billion annually in the USA alone in JAMA Internal Medicine.
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