European Equity Partners Enters into Licensing Agreement with Genomic Vision Sa
European Equity Partners entered into a licensing agreement with Genomic Vision SA, to use molecular combing technology within the bioprocessing domain. Pursuant to this agreement, the parties will enter into a period during which they will confirm that the Combing Genome Integrity assay can replace or complete existing quality control test in Bioprocessing. Followed a conclusive development program the two parties plan to establish of a new
entity dedicated to applications of the Combing Genome Integrity assay in Biomanufacturing. This entity will have an exclusive license to Genomic Vision's proprietary Molecular Combing technology in the field of
Biomanufacturing. The new company will offer a mixed model of analytical services as well as license agreements
to strategic partners using Genome Integrity Assay for the production of biological products such as therapeutic
proteins, monoclonal or polyclonal antibodies, vaccines and viral particles. Genomic Vision will receive an
upfront, milestones payments (amounting to a total of more than EUR 0.5 million) as well as royalties on sales
and services. The agreement enables European Equity Partners and Genomic Vision to use molecular combing as a genome integrity assay in the field of biomanufacturing.