Vical Receives Milestone Payment From Merck & Co., Inc. Triggered By Planned Initiation Of Investigational Cancer DNA Vaccine Trial

Vical Incorporated (Nasdaq: VICL) announced the receipt of a $1.0 million milestone payment from Merck & Co., Inc. based on Merck’s planned initiation of a Phase I clinical trial of an investigational plasmid (pDNA) vaccine. The candidate vaccine is based on Vical’s delivery technology and encodes human telomerase reverse transcriptase (hTERT). hTERT is the subject of separate license agreement.


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