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Inovio (INO) Veterinary Vaccine Rights Licensed to Plumbline

Inovio Pharmaceuticals, Inc. INO announced that it has licensed a veterinary vaccine for the treatment of foot and mouth disease (FMD) to a South Korean animal health company, Plumbline Life Sciences.

Inovio will get milestone payments as well as royalties from Plumbline on product sales of the FMD synthetic vaccine in Asia, excluding Japan. Plumbline will also fund all development activities related to the vaccine.

Per Inovio’s press release, FMD is one of the most infectious diseases affecting farm animals including cattle, swine, sheep and goats, and is therefore a serious threat to global food safety. Considering that the disease can spread rapidly and beyond regional boundaries, there is urgent need to develop vaccines that can...