Kirin Settles Suit Vs. Geron Over Cancer Vaccine Development Rights

Law360, New York (June 22, 2004, 12:00 AM EDT) -- Japanese pharmaceutical and brewing company Kirin Brewery has settled its litigation against Geron Corp. over development rights to cancer vaccines.

The lawsuit has been dismissed, and the out-of-court settlement does not involve any payment by either party, Geron said in a statement.

There will be no effect on the licensing agreement between Geron and Merix Bioscience, and Kirin has subsequently entered into a global partnership with Merix for research and development activity relating to cancer therapies.

Kirin will make a $5 million investment to buy a...
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