BioCentury on BioBusiness,
Monday, December 21, 1998
Cell Genesys Inc. on Friday announced a worldwide collaboration
to develop and commercialize its GVAX engineered cellular vaccine products to
treat cancer with long-time partner Japan Tobacco Inc. The deal, worth up to
$122.7 million to CEGE, not including a $30 million line of credit for Phase
III expenses, monetizes CEGE's acquisition of the GVAX product line, which it
acquired through its merger with Somatix Therapy Corp. in January 1997.
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