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CG0070

Cold Genesys, Inc.

Drug Names(s): CG0070

Description: CG0070 is an oncolytic virus comprised of adenoviruses which have been engineered to replicate in and destroy target cancer cells and to secrete granulocyte-macrophage colony-stimulating factor (GM-CSF), a potent immune cytokine.

Deal Structure: Cell Genesys and Novartis
In 2003, Cell Genesys entered into a global alliance with Novartis for the development and commercialization of oncolytic virus therapies. Under the agreement, Cell Genesys has acquired exclusive worldwide rights to the oncolytic virus therapy products and related intellectual property of Genetic Therapy, Inc. (GTI), an affiliate of Novartis, and will receive a signature payment of $28.5 million from Novartis to be dedicated to the further development of several oncolytic virus therapy products from both Cell Genesys and GTI for which Novartis has certain options. The alliance with Novartis has provided Cell Genesys with additional oncolytic virus therapy product candidates, including CG0070.

BioSante and Cell Genesys
In June 2009, BioSante Pharmaceuticals and Cell Genesys announced that they entered into a definitive merger agreement by which the companies will merge in an all-stock transaction, with BioSante as the surviving...See full deal structure in Biomedtracker

Partners: Novartis AG ANI Pharmaceuticals, Inc.


CG0070 News


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