Merck takes up option on Vaxxas' HD-MAP technology for vaccine candidate
US pharma giant Merck & Co (NYSE: MRK) has exercised its option to utilize Australian biotech firm Vaxxas’ proprietary High Density Microarray Patch (HD-MAP) platform for a vaccine candidate. Merck also retains an option to license the HD-MAP technology for two additional vaccines.
The vaccine candidate was not identified, but earlier this week Merck made a big push into the novel coronavirus treatment sector, announcing the acquisition of vaccine maker Themis Bioscience and a vaccine collaboration with IAVI.
"We are excited by this latest milestone in our collaboration with Merck, an early adopter of our novel HD-MAP platform,” stated Vaxxas’ chief executive David Hoey, adding: “With their strong legacy of vaccine development Merck is a tremendous partner in our efforts to enhance the efficiency, effectiveness, and reach of vaccination.”
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