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Ad-hoc-announcement
according to § 15 WpHG
WILEX
and IBA enter into worldwide marketing, distribution and sales agreement
on REDECTANE®* (CA9-SCAN)
Munich, 6 June 2008. The Munich-based
biopharmaceutical company, WILEX AG (ISIN DE0006614720 / Frankfurt
Stock Exchange / Prime Standard),
has signed a licensing agreement with IBA (Ion Beam Applications S.A.:
Reuters IBAB.BR and Bloomberg IBAB.BB / Brussels, Belgium) for the
worldwide marketing, distribution and sales of its diagnostic product
candidate REDECTANE® (CA9-SCAN). The agreement gives IBA the exclusive
global rights and licenses required for manufacturing and marketing
the product.
According to the agreement, WILEX will manufacture the cold antibody
and be responsible for clinical development. IBA will be responsible
for manufacturing by labeling the antibody and will be responsible
for distribution, sales and marketing of REDECTANE®. WILEX will
receive an upfront payment, milestone payments and certain contributions-in-kind.
After the planned market approval, WILEX will get 20% on ex-factory
sales until a sales volume of EUR 7 million is reached. After that
WILEX will get 45% on total ex-factory sales.
WILEX retains worldwide co-promotion rights and may use these to
co-promote REDECTANE® to urologists and oncologists. The companies agreed
not to disclose any further details of the agreement. IBA and WILEX
had already entered into a manufacturing agreement for the ongoing
Phase III registration trial in December 2006.
Due to the conclusion of the agreement WILEX revises its guidance.
WILEX now assumes that if projects progress according to plan
and no additional inflows of capital are generated, current liquidity
could
suffice until the second calendar quarter of 2009 rather than
the
previously announced first calendar quarter of 2009.
* temporary name while under development
Contact
Katja Arnold
Manager Investor Relations
WILEX AG
Grillparzerstr. 10
81675 Munich
Germany
Tel.: +49 (0)89-41 31 38-126
Fax: +49 (0)89-41 31 38-99
Email: investors@WILEX.com
Website: http://www.wilex.com
This communication contains certain forward-looking
statements, relating to the Company’s business, which can be
identified by the use of forward-looking terminology such as “estimates”, “believes”, “expects”, “may”, “will” “should” “future”, “potential” or
similar expressions or by general discussion of strategy, plans or
intentions of the Company. Such forward-looking statements involve
known and unknown risks, uncertainties and other factors, which may
cause our actual results of operations, financial condition, performance,
or achievements, or industry results, to be materially different
from any future results, performance or achievements expressed or
implied
by such forward-looking statements. Given these uncertainties, prospective
investors and partners are cautioned not to place undue reliance
on such forward-looking statements. We disclaim any obligation to
update
any such forward-looking statements to reflect future events or developments.
Given
these uncertainties, prospective investors and partners are cautioned
not to place undue reliance on such forward-looking statements.
We disclaim any obligation to update any such forward-looking statements
to reflect future events or developments.
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