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Merck/Vical

Executive Summary

Sign licensing agreement to develop vaccines for the prevention of human infectious diseases, Vical announces June 12. The vaccines will incorporate Vical's Gene Therapeutics technology, in which gene sequences from viruses are used to stimulate the production of antibodies. The three-year agreement includes undisclosed yearly research funding, milestone payments, option and license fees and royalty payments on sales of products resulting from the agreement. The agreement is the first covering San Diego-based Vical's Gene Therapeutics. The firm also has development agreements with Burroughs Wellcome and Oclassen.

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