Under separate agreements that are in the process of being negotiated by both companies, ROVI will receive exclusive licenses to Novavax's portable VLP vaccine technology to commercialize flu vaccines in Spain and Portugal, and non-exclusive licenses in Europe, Latin America and Africa.
Rahul Singhvi, President and Chief Executive Officer of Novavax, stated: "We are honored to be selected by the Spanish Health Ministry and ROVI Pharmaceuticals to help develop pandemic and seasonal flu vaccine solutions for Spain, the world's eighth largest economy with more than 43 million people.
In conjunction, Orexigen will supply Mysimba tablets to ROVI
for an upfront fee, a transfer price and various potential commercial milestone payments.
All ROVI carrier systems are manufactured under pharma-GMP conditions.
ROVI is represented through a network of distributors worldwide.
Rahul Singhvi, president and chief executive officer of Novavax, said that the company is disappointed that it could not reach agreement with ROVI
on the terms of the proposed collaboration and obtain the necessary funds to guarantee the advancement of the influenza programme in Spain.
Our exclusive arrangement with Revista Eletrnica further enhances Rovis position in creating and implementing entertainment metadata to deliver innovative, engaging content discovery experiences to viewers around the globe, said Kathy Weidman, senior vice president and general manager, metadata, Rovi.
The transaction is expected to be accretive to Rovis Non-GAAP EPS within the first 12 months post-close
Combined benefits include enhanced global reach, serving nearly 500 service providers across countries, adding more than 10 million TiVo-served households to Rovis current base of approximately 18 million households using Rovi guides worldwide.
Rovis platform-independent, technology agnostic IP portfolio is licensed to leading companies around the world, including the biggest names in media and entertainment.
Today, Rovis intellectual property is broadly licensed throughout the North American pay-TV industry and by eight of the top 10 U.
Our alliance underscores Rovis commitment to foster innovation across the media and entertainment landscape, said Samir Armaly, executive vice president, intellectual property and licensing at Rovi.