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Covington Advises Intercell on Acquisition of Antibody Technology Platform


LONDON, 6 May, 2010 — Intercell AG today announced that it has signed an agreement with Cytos Biotechnology Ltd. to acquire Cytos’ platform technology for monoclonal antibody discovery. The technology is based on expression cloning of monoclonal antibodies from human B-cells and enables the identification of anti-infective antibodies to prevent and treat infectious diseases. Covington & Burling LLP advised Intercell on the transaction.

Intercell is a Vienna Stock Exchange listed biotechnology company that develops novel vaccines for the prevention and treatment of infectious diseases with substantial unmet medical needs. Cytos is a public Swiss biotechnology company that specializes in the discovery, development and commercialization of a new class of biopharmaceutical products − the Immunodrugs™.

The London-based Covington corporate team was led by partners Peter Laveran and Lucinda Osborne, with of counsel Morag Peberdy, associate Robin Blaney and trainee-solicitor Sarah Cowlishaw.

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