Last checked at 4 Sep 2019 08:17
4 September 2019
ECO Animal Health Group plc
(AIM: EAH)
ECO Animal Health and The Pirbright Institute sign novel poultry biopharmaceutical 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 worldwide exclusive research partnership with The Pirbright Institute, United Kingdom, to develop a novel biopharmaceutical to protect chickens from Infectious Bronchitis Virus (IBV).
The global poultry biologicals market is worth c. $2.3 billion with CAGR of 5 to 6 % predicted. The IBV segment is currently worth c. $190 million.
IBV is an acute, highly contagious viral respiratory disease of major economic importance in commercial chicken flocks throughout the world. The virus can also cause decreased egg production and poor egg quality in breeding birds and commercial layers. Coinfection with Mycoplasma and other bacteria can exacerbate the disease.
ECO has been working closely with the Pirbright Institute which is a world leading centre of excellence in research and surveillance of virus diseases of farm animals and viruses that spread from animals to humans. It receives strategic funding from the Biotechnology and Biological Sciences Research Council (BBSRC), and works to enhance capability to contain, control and eliminate these economically and medically important diseases through highly innovative fundamental and applied bioscience.
Professor Venugopal Nair, Head of Avian Viral Diseases at the Pirbright Institute, states: “The novel approach, which will use a viral vector system expressing recombinant proteins, is expected to tackle the increasing diversity of the causative IBV strains and represents the application of innovative technologies for improved control of major avian diseases.”
Commenting Marc Loomes, CEO of ECO Animal Health Group plc, said: “The development of this candidate biopharmaceutical represents a significant advance in the approach to control Infectious Bronchitis and would complement Aivlosin®, ECO’s flagship brand for the treatment of Mycoplasmas diseases, in poultry.”
| Enquiries: | |||
| ECO Animal Health Group plc | |||
| Marc Loomes, CEO | 020 8447 8899 | ||
| N+1 Singer (Nominated Advisor and Joint Broker) | 020 7496 3000 | ||
| Mark Taylor | |||
| James White | |||
| Peel Hunt (Joint Broker) | 020 7418 8900 | ||
| James Steel | |||
| Dr Christopher Golden | |||
| IFC Advisory | 020 3934 6637 | ||
| Graham Herring | |||
| Miles Nolan | |||
| Zach Cohen | |||
| The Pirbright Institute | 014 8323 2441 |
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 The Pirbright Institute
The Pirbright Institute is a world leading centre of excellence in research and surveillance of virus diseases of farm animals and viruses that spread from animals to humans. It receives strategic funding from the Biotechnology and Biological Sciences Research Council (BBSRC), and works to enhance capability to contain, control and eliminate these economically and medically important diseases through highly innovative fundamental and applied bioscience.
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