SOURCE: Ablynx

October 12, 2009 12:08 ET


GHENT, BELGIUM--(Marketwire - October 12, 2009) -

GHENT, Belgium, 12 October, 2009 - Ablynx [Euronext Brussels: ABLX], today announced that it has reached a settlement with Domantis (part of the GlaxoSmithKline group of companies) concerning an alleged dispute relating to a settlement agreement which Ablynx and Domantis entered into in 2005.

Under the new agreement Ablynx has received a license to the European Winter II patent which lay at the heart of the dispute and in return will pay Domantis low single-digit royalties on the first five Nanobody® products which are commercialised.

Dr Edwin Moses, CEO and Chairman of Ablynx, commented: "We are very pleased to have settled with Domantis so that we can focus on our key goal of developing Nanobody® products and driving them through the clinic. We believe our investors want us, where possible, to put our resources into R&D productivity rather than litigation. The fact that there are two Nanobodies® in Phase II trials, and by the end of 2009 there will be a total of four in the clinic, is a testimony to the power and promise of our technology."

Attachments: Complete version of the press release in English:

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Copyright © Hugin AS 2009. All rights reserved.

Contact Information

  • For more information, please contact:

    For international media enquiries:
    College Hill Life Sciences
    Sue Charles
    Justine Lamond
    Dr John McIntyre
    t: +44 (0)20 7866 7857
    e: Email Contact

    Dr Edwin Moses
    Chairman and CEO
    t: +32 (0)9 262 00 07
    m: +44 (0)7771 954 193 /
    +32 (0)473 39 50 68
    e: Email Contact

    Eva-Lotta Allan
    Chief Business Officer
    t: +32 (0)9 262 00 75
    m: +32 (0)475 78 36 21 /
    +44 (0)7990 570 900
    e: Email Contact