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Israel's Mindset in Alzheimer's vaccine deal
JERUSALEM, July 22 (Reuters) - Israel's Mindset BioPharmaceuticals and the New York University School of Medicine on Monday said they have signed an agreement in which Mindset will become the worldwide exclusive licensee of a new vaccine technology for the treatment of Alzheimer's disease. Privately held Mindset, in collaboration with NYU, is developing a vaccine called Amyrex and holds several pending patent applications in the treatment of Alzheimer's, it said in a statement. The company is backed financially by investment firms MRM Capital and Clal Biotechnology Industries, a unit of Clal Industries and Investments (CII). Alzheimer's disease affects about 8 million Europeans and Americans and the number is expected to rise dramatically with an increasing elderly population. Until now, no cure or disease-modifying therapy has been developed for the disease.
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