LEXINGTON, Mass., Nov. 4, 2010 (GLOBE NEWSWIRE) -- Antigenics Inc. (Nasdaq:AGEN) today announced that it has been awarded $424,720 in grants under the IRS' Qualifying Therapeutic Discovery Project (QTDP) program. The grants were awarded in recognition of our two qualifying programs: AG-707, a phase 1 therapeutic vaccine for the treatment of genital herpes and QS-21 Stimulon® adjuvant. The QTDP program was established as a result of the Patient Protection and Affordable Care Act of 2010. Under the program, projects were selected by the Treasury Department and the Department of Health and Human Services. In order to qualify, projects had to incur preclinical or clinical research costs during 2009 or 2010 and be designed to result in one or more new therapies to treat or prevent a disease or condition representing an unmet medical need, reduce long-term health care costs in the U.S. and demonstrate the potential to enhance U.S. competitiveness and create high quality jobs in the U.S.
Antigenics Awarded Qualifying Therapeutic Discovery Project Grants
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