IMU 0.00% 26.0¢ imugene limited

new vax licencing deal iminent

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    Upon successful completion of the trials and license negotiations and obtaining marketing authorisation Abic Biological Laboratories Teva Ltd will produce, sell and distribute the vectored coccidia vaccine with Imugene receiving royalty income. Abic is represented in the major poultry producing regions of the world.

    Coccidia treatment (coccidiostats) is the second biggest poultry treatment product category, second only to in-feed antibiotics. In 2004 in the UK, coccidiostats accounted for 31% of antimicrobial sales (by tonne) for all food animals. In the USA in 2001, 74% of all poultry producers used some form of coccidiostat accounting for an increased cost per tonne of food of ~$US3.00. An estimated market for coccidiostats in the US using these figures is ~$US100 million per annum.
 
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