Innovation in bone healing and tissue repair
30 Aug 16
Arbutus terminates license agreement for VLP platform for the treatment of hepatitis B infections

Schlieren (Zurich), Switzerland, August 30, 2016

Arbutus terminates license agreement for VLP platform for the treatment of hepatitis B infections

Kuros Biosciences announced today that it was informed by Arbutus Biopharma Inc. about the decision to terminate an exclusive license agreement with former Cytos Biotechnology Ltd., a predecessor company of Kuros. As a result, all licensed rights will revert back to Kuros. Under the agreement signed in early 2015, Oncore Biopharma, Inc., a predecessor of Arbutus, was granted access to Cytos’ clinically validated virus like particle (VLP) platform for the use in the treatment and prevention of hepatitis B viral infections as well as an option to use the VLP technology for additional viral diseases. No investments into the program have been made by Cytos or its successor Kuros since 2014.

“The VLP technology is a non-core program and was moved forward with investments from the collaboration partners. As a result, we have not invested our own funds into this technology since 2014”, commented Didier Cowling, Chief Executive Officer of Kuros. „Kuros Biosciences focuses on tissue repair and regeneration. We are advancing a promising late-stage pipeline of sealants and orthobiologic product candidates.”



Kuros Biosciences AG
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Article
30 Aug 16
Arbutus terminates license agreement for VLP platform for the treatment of hepatitis B infections

Schlieren (Zurich), Switzerland, August 30, 2016

Arbutus terminates license agreement for VLP platform for the treatment of hepatitis B infections

Kuros Biosciences announced today that it was informed by Arbutus Biopharma Inc. about the decision to terminate an exclusive license agreement with former Cytos Biotechnology Ltd., a predecessor company of Kuros. As a result, all licensed rights will revert back to Kuros. Under the agreement signed in early 2015, Oncore Biopharma, Inc., a predecessor of Arbutus, was granted access to Cytos’ clinically validated virus like particle (VLP) platform for the use in the treatment and prevention of hepatitis B viral infections as well as an option to use the VLP technology for additional viral diseases. No investments into the program have been made by Cytos or its successor Kuros since 2014.

“The VLP technology is a non-core program and was moved forward with investments from the collaboration partners. As a result, we have not invested our own funds into this technology since 2014”, commented Didier Cowling, Chief Executive Officer of Kuros. „Kuros Biosciences focuses on tissue repair and regeneration. We are advancing a promising late-stage pipeline of sealants and orthobiologic product candidates.”