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http://portland.bizjournals.com/portland/stories/2003/06/16/daily25.html

LATEST NEWS
June 18, 2003

Biojector to be used in HIV, Ebola vaccine trials

The National Cancer Institute plans to use Bioject Medical Technologies Inc.'s Biojector 2000 needle-free technology in HIV and Ebola clinical trials.

Bioject, which last year moved its headquarters to New Jersey, maintains the majority of its operations in Portland.

Bioject (Nasdaq: BJCT) will supply the government's Vaccine Research Center, National Institute of Allergy and Infectious Diseases/National Institutes of Health, with the non-exclusive right to use the B-2000 in clinical trials for experimental vaccines against HIV and Ebola for up to a 36-month period. In addition, Bioject will provide training, clinical and administrative support for these clinical trials. Bioject will be reimbursed between $250,000 and $1 million per year for its services.

"DNA-based vaccines represent an important target market for our technology and this agreement provides us with an important platform to build upon, providing us with short-term revenues and the opportunity for future licensing agreements upon the successful development of the HIV and Ebola vaccines," said Jim O'Shea, Bioject's chairman, president, and CEO.


© 2003 American City Business Journals Inc.

 

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