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.
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