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Promising
New Partnership Peregrine
Pharmaceuticals, Inc. announced this week that Avid Bioservices,
Inc., Peregrine's wholly owned manufacturing subsidiary, has entered
into a manufacturing agreement with the Sidney
Kimmel
Cancer
Center. Avid
will provide process development services to the SKCC and will
perform cGMP manufacturing of a novel therapeutic antibody for
preclinical studies and clinical trials. This antibody is initially
being tested for the treatment of lung cancer. The contract will
start immediately and continue into the 2006 calendar
year.
Steven W. King, chief executive officer of Avid stated,
"The Sidney Kimmel Cancer Center is an innovator in its focus on
translational research, including supporting the clinical
development of promising new cancer therapeutics. Avid's expertise,
scale, breadth of service and state-of-the-art manufacturing
facility make us ideally suited to work with SKCC to produce the
clinical supplies needed to progress this exciting new drug
candidate through the development and regulatory
process."
Dr. Jan Schnitzer, M.D., Scientific Director and
director of the vascular biology and angiogenesis program at the
SKCC commented, "Advancing the clinical development of promising new
cancer therapies is an important part of our translational research
mission, and we are pleased to be working with the highly
experienced and supportive bioproduction team at Avid to help us
move this novel approach into human
trials." |