Article: CytRx Gains HIV Vaccine License Through Second UMSS Contract.

Staff Writer

It seems CytRx Corp. is going back to the well.

The company jumped into the HIV vaccine development fray by licensing a DNA-based product from the University of Massachusetts Medical School, with whom CytRx recently established an RNAi-based relationship. Also, from the outset of the latest arrangement, a $15 million government grant will fuel early clinical work on the HIV vaccine.

While financial terms of the exclusive worldwide licensing agreement were not disclosed, Los Angeles-based CytRx said the $15 million award - from the National Institutes of Health in Bethesda, Md. - is pegged for pushing the vaccine technology into a ...

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