(2005) Merck KGaA announced today that it has acquired the Danish biotechnology company Survac ApS for EUR 11 million. The acquisition is expected to be completed this year and will allow Merck KGaA to gain access to novel technologies for the treatment of cancer.

The founders of Survac have developed a technology to identify and modify peptides that are useful for therapeutic cancer vaccines. The acquisition includes all intellectual property owned by Survac, including a broad patent portfolio in the area of proteins that are essential for the survival of cancer cells and therefore ideal targets for cancer treatments.

In exploratory clinical trials, the lead candidate was able to generate strong immune response to cancer cells in patients without the need for elaborated delivery technologies or specialized adjuvants.

"A key element of Merck's strategy in oncology is to expand our clinical pipeline of innovative, targeted cancer treatments, and Survac's lead candidate already shows highly encouraging results in exploratory clinical trials," said Dr. Wolfgang Wein, Senior Vice President responsible for Merck's Commercial Unit Oncology. "The fit with Merck is excellent, as we already have clinical and production know-how in cancer vaccines and peptides."

Merck KGaA will integrate Survac's activities into its research and development organization and intends to initiate pre-clinical development of the first product in 2006.

Survac ApS was founded in 2003 in Copenhagen with financial support from DTU Innovation and a consortium of Danish venture capital firms. The company's business is run on a virtual basis in collaboration with leading European academic institutes and clinics.

For further information, please contact Carsten Schou at cs@seedcapital.dk or +45 39179413.