Good RNS6 Jan 2010 07:55
This is a good RNS, though doesn't have £££ deal done but in spring 2010 which is just round the corner we are going to get cash from..
Queensland Government Research Industry Partnership Programme Grant Application
Post period end (5 November), we submitted a second grant application to the Queensland Government Research Industry Partnership Programme (“RIPP”) in order to assist with our CMV vaccine development programme. This application has been written in conjunction with the Queensland Institute of Medical Research (“QIMR”).
The RIPP programme aims to facilitate the development of new or improved products processes and systems that will achieve a commercial return or deliver a public good within four years.
If successful, this grant application could be worth approximately £1.35m (GBP) over a three year period and it is expected that the Company will be notified of the application’s outcome by Spring 2010.
This grant is supplementary to the NIH grant application made in August 2009, and the Company expects that other grants will be applied for during the early part of 2010
And....
National Institute of Health Grant Application
We are continuing to work closely with the Australian Centre for Vaccine Development (“ACVD”), and we have submitted a joint grant application to the US Government funded National Institute of Health (“NIH”).
The grant has been submitted with the goal of securing non-diluted funding to further develop the Cytomegalovirus (“CMV”) vaccine candidate (part of the PREPS and L-particles vaccine platform). The NIH has specifically highlighted CMV as a disease of importance and has announced a “Request for Applications” specifically in the field of vaccines against disease considered to be of significant importance.
If successful, this grant could be worth up to $500,000 (US) per annum for five years
And thats without the Sale of the ICVT.. £££