Midatech Announces Licensing Agreement With Emergex Vaccines

Midatech Pharma

today announces that the Company has entered into a licensing agreement with Emergex Vaccines Limited ("Emergex"), a private UK biotechnology company focused on infectious diseases utilising Midatech's gold nanoparticle technology.  Midatech has also agreed a Service and Manufacturing Agreement with Emergex for synthesis and for manufacturing of cGMP material for clinical trials. This exclusive licensing agreement is focused on Midatech's proprietary platform based on certain metal core glyconanoparticles and Emergex's development and commercialisation of various vaccines, to prevent/treat infectious diseases. This will be the first application of Midatech's nanoparticles within vaccines in infectious diseases. Midatech will receive initial, milestone and royalty payments as part of the deal. Specific terms of the agreement have not been disclosed. Commenting on the announcement, Dr. Jim Phillips, CEO of Midatech Pharma, said: "This licensing agreement marks another step in Midatech's ambitious growth strategy.  Emergex's interest in applying our nanoparticles to its vaccines further validates the broad potential of our technology.  The financials of the deal underline Midatech's