Article: Virus Research Institute Announces Rotavirus Vaccine Collaboration with SmithKline Beecham

CAMBRIDGE, Mass., Dec. 11 /PRNewswire/ -- Virus Research Institute, Inc. (Nasdaq: VRII) announced today that the Company has reached agreement with SmithKline Beecham (NYSE: SBH) to collaborate on the development and commercialization of VRI's oral rotavirus vaccine. VRI will receive license fees, milestone payments and royalties under the agreement, which grants SB exclusive worldwide marketing rights to the rotavirus vaccine.

VRI will be responsible for continuing the Phase II clinical efficacy study of its rotavirus vaccine currently underway in four centers in the United States. Upon successful completion of the Phase II study, expected in mid-1998, SB ...

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