Vacaville, California and Research
Triangle Park, North Carolina
April 29, 2005
Large Scale Biology
Corporation (Nasdaq: LSBC) and
Bayer CropScience
announced today that they have entered into a collaborative
research and development agreement to investigate the
plant-based expression of lysosomal acid lipase (LAL), an
LSBC-proprietary pharmaceutical product for important Orphan and
possibly other diseases. The parties agreed to keep the terms of
the agreement confidential.
The research
and development project centers on the utilization of LSBC's
patented gene expression and biomanufacturing resources and
promising preclinical results with LAL and Bayer's plant science
and product development experience, with the ultimate goal of
developing and eventually commercializing a new therapeutic
product. LSBC currently biomanufactures its own and
client-specified therapeutic proteins and vaccines, and has a
pipeline of products in development aimed at various markets,
including cardiovascular, oncology and Orphan diseases.
"This
collaboration brings together the significant expertise of LSBC
in the field of plant-based therapeutics and Bayer's extensive
plant research and process science capabilities. Together, we
can further accelerate our efforts to bring therapeutic proteins
to market and address important patient needs," said Ken
Davenport, General Manager New Business Ventures Health for the
BioScience business group of Bayer CropScience.
"We welcome
this new relationship with Bayer CropScience, a global industry
leader with a vision to succeed in the field of plant-made
pharmaceuticals," said Kevin J. Ryan, President and CEO of LSBC.
"This collaboration is expected to help accelerate the
development of one of our lead products with significant
potential to satisfy unmet medical and market needs."
Large
Scale Biology Corporation is a biotechnology company developing
and biomanufacturing biotherapeutics, vaccines and industrial
proteins for important life science industry markets. Corporate
headquarters, molecular biology and product design laboratories
are located in Vacaville, California, and the Company's
bioprocess development and commercial-scale biomanufacturing
facilities are located in Owensboro, Kentucky. In addition to
its class- leading internal capabilities, LSBC relies on a
network of industry, government and academic collaborators
throughout the US and Europe to achieve rapid, commercially
relevant product discovery, optimization and manufacturing.
Bayer
CropScience, a subsidiary of Bayer AG with annual sales of about
EUR6.0 billion, is one of the world's leading innovative crop
science companies in the areas of crop protection,
non-agricultural pest control, seeds and plant biotechnology.
The company offers an outstanding range of products and
extensive service backup for modern, sustainable agriculture and
for non-agricultural applications. Bayer CropScience has a
global workforce of about 19,000 and is represented in more than
120 countries, ensuring proximity to dealers and consumers. |