WILEX returns rights from collaboration in oncology to UCB and UCB waives repayment of the shareholder loan
Ad-hoc release pursuant to § 15 Wertpapierhandelsgesetz
(German Securities Trading Act)
Munich, Germany, 21 May 2014. WILEX AG (ISIN DE0006614720 / WL6 / FSE) today announced that due to the strategic re-alignment implemented at WILEX AG, the collaboration agreement for the clinical product candidates WX-554 and WX-037 and for three preclinical antibody programmes has been terminated by mutual agreement. WILEX will return all rights granted and will transfer all intellectual property, data and documents generated in connection with the programmes to UCB. Furthermore an agreement regarding an antibody programme for non-oncology indications signed last year has been terminated.
WILEX will receive a final payment for reimbursement of R&D expenses. UCB has agreed to waive repayment of the EUR 2.5 million shareholder loan granted in December 2010 on completion of the transfer. This does not affect UCB’s role as a shareholder of WILEX AG.
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WILEX AG is a biopharmaceutical company based in Munich, Germany. Focused on oncology, the Company develops diagnostic and therapeutic product candidates based on antibodies and small molecules, which are available for out-licensing. The subsidiary Heidelberg Pharma GmbH offers preclinical contract research services and an antibody drug conjugate (ADC) technology platform. Our customers and partners include leading international pharmaceutical companies. WILEX is listed at the Frankfurt Stock Exchange: ISIN DE0006614720 / WKN 661472 / Symbol WL6. More information is available at www.wilex.com
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Katja Arnold (CIRO)
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