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Additional Resources | Corporate News

Corporate News: PharmAthene acquires Avecia Biologics biodefense vaccines

By Louis Chunovic, Senior Editor

Published April 7th, 2008

PharmAthene-Web

PharmAthene, Inc., a biodefense company based in Annapolis, MD, purchased all of the assets and intellectual property related to Avecia Biologics Limited’s biodefense vaccines business. The transaction adds three vaccines to PharmAthene’s pipeline: a second generation recombinant Protective Antigen (rPA) anthrax vaccine, a recombinant dual antigen plague vaccine and a third generation rPA anthrax vaccine program. The deal is expected to aid PharmAthene’s efforts to win a recently announced U.S. Government solicitation to procure 25 million doses of an rPA vaccine. The Avecia acquisition will consist of a cash payment of $20 million. In addition, Avecia will be eligible to receive milestone payments totaling $20 million in the aggregate, contingent upon receipt of procurement contracts for the anthrax rPA vaccines and the plague vaccine, and royalties on sales to the U.S. Government.


SECURITY INSTALLATION - Stanley Convergent Security Solutions, Inc. (formerly HSM Electronic Protection Services, Inc.) announced the purchase of A-1 Security Ltd., a premier security company headquartered in Las Vegas, NV. A-1 Security has expertise in installing, servicing, inspecting, maintaining and monitoring electronic intrusion alarms, fire alarms, access control systems and video surveillance systems in the Las Vegas and Reno, NV, areas.


BIOMETRIC ID - Motorola, Inc., announced that it has been selected by the West Virginia State Police to deploy its Motorola Printrak Biometric Identification Solution (BIS). Motorola's latest BIS solution features new algorithms for improved analysis of multi-modal biometric data delivering 10-print, latent, palm print and facial images. The West Virginia State Police selected Motorola via a competitive bid process.


INTEROPERABILITY - CipherOptics, of Raleigh, NC, announced that it has joined the RSA Secured Partner Program, certifying interoperability between CipherOptics’ CipherEngine and the RSA Key Manager. The interoperability partnership is expected to increase data security capabilities for joint customers by providing a comprehensive solution for network encryption key life cycle management.


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