ECO Animal Health Statement re Joint poultry vaccine development licencing deal

 
TIDMEAH 
 
 

ECO Animal Health Group plc

(AIM: EAH)

ECO Animal Health and University of Georgia sign poultry vaccine development licencing deal

ECO Animal Health Ltd (ECO), a wholly owned subsidiary of ECO Animal Health Group plc, is pleased to announce that it has entered into a licensing deal with the Poultry Diagnostic & Research Center, College of Veterinary Medicine at the University of Georgia (UGA).

This deal, at a cost of just over $1 million in phased payments of eight quarterly instalments over a two year period, allows ECO to license research related innovations leading to the development of potential vaccines in the field of Mycoplasma gallisepticum, a bacterium that can cause severe respiratory disease in poultry. A joint steering committee will meet monthly to review data, monitor progress and reach go/no-go decisions.

Peter Lawrence, Chairman of ECO Animal Health Group plc said, "Mycoplasma-related illnesses in poultry can be financially devastating to commercial poultry producers with global losses estimated at more than GBP500 million annually. We are delighted to have entered into this collaboration with UGA and expect that further innovative developments will follow".

Professor Naola Ferguson-Noel, a researcher in the Poultry Diagnostic & Research Center said, "Although Mycoplasma control programs are often based on biosecurity, early detection, quarantine and elimination of positive flocks, vaccination can be a very effective option in some circumstances. I do think a vaccine is within reach."

The information contained within this announcement is deemed by the Group to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

Contacts:

ECO Animal Health Group plc

 
Peter Lawrence                       020 8336 6190 
Marc Loomes                          020 8447 6906 
Spiro Financial 
Anthony Spiro                        020 8336 6196 
N+1 Singer (Nominated Adviser)       020 7496 3000 
Mark Taylor, Brough Ransom 
Peel Hunt LLP (Joint Broker) 
James Steel, Dr Christopher Golden   020 7418 8900 
 
 

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About ECO Animal Health Ltd

ECO Animal Health based in London U.K. is a leader in the development, registration and marketing of pharmaceutical products for global animal health markets. Its products for these growth markets promote well-being in animals and include the novel antimicrobial, Aivlosin®, as well as a range of generic therapeutic products.

About University of Georgia

UGA is an American public, flagship, and comprehensive research university based in Athens, Georgia. It has been ranked in the Top 10 of all USA universities for licensing deals for the past decade and, to date, more than 700 UGA products and technologies have been introduced to the marketplace.

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(END) Dow Jones Newswires

November 19, 2018 02:00 ET (07:00 GMT)