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Article: Targeted Genetics Corporation Announces Strategic Alliance.

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PR Newswire
Article date:
June 10, 1999
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- Targeted Genetics to Receive Exclusive Rights to Seminal

AAV Manufacturing Patent from Alkermes, Inc. -

SEATTLE, June 10 /PRNewswire/ -- Targeted Genetics Corporation (Nasdaq: TGEN) today announced an alliance with Alkermes, Inc. (Nasdaq: ALKS) that provides Targeted Genetics with exclusive rights to a seminal patent for the manufacture of Adeno-Associated Viral (AAV) vectors.

Under the terms of the agreement, Targeted Genetics will issue 500,000 shares of common stock as payment for an up-front license fee to Alkermes for exclusive rights to the issued patent and related pending patent applications. In addition, Targeted Genetics will issue to ...

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