AstraZeneca in cancer viruses deal with Omnis Pharmaceuticals

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[January 12, 2015] LONDON (Reuters) - AstraZeneca said on Monday its MedImmune biotech unit had struck a deal with unlisted U.S. company Omnis Pharmaceuticals on the development of cancer-fighting oncolytic viruses.

The agreement will allow MedImmune to combine its experimental immunotherapy drugs with Omnis’ virus program, which is currently in initial Phase I clinical testing. Financial terms were not disclosed.

Oncolytic viruses are designed to target tumor cells with the killing potency of viruses.

(Reporting by Ben Hirschler, editing by Louise Heavens)

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