AustriaAustria

Intercell AG to cut 50% cost after termination of Phase II/III trial of Staphylococcus aureus vaccine

09.06.2011

Vienna – Austrian Intercell AG has lost its partner Merck & Co after termination of a Phase II/III trial with Intercell’s vaccine candidate V710 against Staphylococcus aureus, the most frequent cause of hospital-acquired infections. According to the independent Data Monitoring Committee analyses of the proof-of-concept study, V710 was unlikely to demonstrate statistically significant clinical benefit. Additionally, there were safety concerns due to higher overall mortality and multi-organ dysfunction events in the vaccine group, compared to placebo recipients. Shares of Intercell dropped by 25% after the announcement. At the end of May, Intercell had to recall 5,000 of its marketed vaccine Ixiaro against Japanese Encephalitis. By December, the company had terminated development of its vaccine patch in traveller’s diarrhoea due to efficacy problems. In a press conference, the company’s new CEO Thomas Lingelbach, who replaces Gerd Zettlmeisl explained that the company will refocus on its products under clinical development and will reduce its expenses by 50%, particularly in R&D. Together with jobs cuts by 15% compared to 2010 numbers, the company hopes to reduce losses in the next 4 years.

AustriaAustria

03.11.2010

Vienna – Austrian vaccine specialist Intercell AG has landed a new partner for its therapeutic vaccine IC41 against chronic infections with the hepatitis C virus (HCV) after Novartis quit a a 270m partnership with the firm this...

AustriaAustria

16.09.2010

Bremen/Vienna/Galway – A novel protein glue that helps colonies of the barnacle Dosima fascicularis to float on the surface of the water and stick to vessels could inspire the next revolution in medicine and material sciences....

AustriaAustria

18.08.2010

Vienna – Austrian vaccine specialist Intercell AG increased R&D spending by 24% in the second quarter of 2010 to EUR16.9m due to expenditures linked to clinical Phase III testing of its traveller's diarrhoea vaccine. That...

AustriaAustria

19.07.2010

An estimated 20,000 participants from over 185 countries are taking part in the 18th International AIDS Conference that began in Vienna on Sunday. The head of the International AIDS Society, and conference chairman, Julio...

AustriaAustria

14.07.2010

Vienna – Swissmedic has approved IXIARO®, a vaccine against Japanese encephalitis from Intercell AG that is distributed and marketed by Novartis AG. The decision by the Swiss authorities is another important milestone for the...

AustriaAustria

10.07.2010

Vienna – Austria’s Intercell AG has closed the acquisition of Cytos’ platform technology for monoclonal antibody discovery, which is based on expression cloning of monoclonal antibodies from human B-cells. As per agreed terms,...

AustriaAustria

12.05.2010

Vienna – Invoking the EU’s safeguard clause, the Austrian parliament has unanimously instructed its Ministry of Health to establish a specific legal measure to prohibit the cultivation of the biotech potato Amflora in the...

AustriaAustria

07.05.2010

Vienna – Austrian Intercell AG expands its current vaccine business to anti-infective monoclonal antibodies. In a EUR 15 million deal Intercell has bought Cytos' antibody discovery platform technology, the firm announced on 6th...

AustriaAustria

08.03.2010

Vienna – GlaxoSmithKline, the se­cond largest drugmaker in the world, has closed its third drug development cooperation in Vienna in just over a year. After signing agreements with Intercell AG and Affiris GmbH, GSK is now to pay...

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