Bristol-Myers Squibb, a top 50 big pharma company entered into a worldwide, nonexclusive pharma licensing partnership with Vical Incorporated of Vical's patented platform DNA immunization technology and its Vaxfectin adjuvant for use in the production of antibodies.
Under this pharma licensing agreement, Bristol-Myers Squibb will use Vical's technology to generate antibodies with potential therapeutic uses in humans.
Vical will also provide specified quantities of the Vaxfectin adjuvant to Bristol-Myers Squibb from time to time as detailed in the pharma licensing agreement.
Financial terms of this pharma licensing agreement were not disclosed.
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