
Sanofi-Aventis and Oxford BioMedica have announced an agreement under which the two companies will jointly develop and market TroVax® for treating and preventing cancer. TroVax® is a gene-based therapeutic cancer vaccine, and is currently in Phase III clinical trials as a treatment for renal cancer. Under the terms of the agreement, Sanofi will pay Oxford BioMedica an upfront fee of $39 million, with additional $25 million payments as targets are hit. The potential payout for Oxford BioMedica is $690 million.


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