Japan-based SBI Biotech and Baylor Research Institute have inked a licensing deal and development agreement to develop anti-cancer vaccines for Asian markets, which could possibly include Japan, Taiwan and Korea.
The licensing agreement allows SBI to conduct clinical trials on early-stage cancer patients using Baylor's "dentritic cell immunotherapy"--a treatment designed to work in conjunction with others, such as radiation and chemotherapy. Over the past five years, the Dallas-based institute's clinical trials have only included about 100 cancer patients, all of whom have had late-stage cancer and declining immune systems.
Under the terms of the agreement, SBI will pay Baylor about $3 million in acceleration fees and another $3 million in SBI stock, with potential milestone and royalty fees that could reach a half-million.
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