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09 October 2015
Prima BioMed receives Grant from the Saxony Development Bank
SYDNEY, AUSTRALIA - Prima BioMed Ltd (ASX: PRR; NASDAQ: PBMD) (“Prima” or the “Company”), is pleased to announce that it has received approximately €306,000 (A$475,000) in grant funding from the European Union and the German Free State of Saxony. The grant, administered by the Sächsische AufbauBank (the Saxony Development Bank), relates to the past development work on the CVac™ therapy.
Since 2010 Prima has been collaborating on CVac with the Fraunhofer Institute of Cell Therapy and Immunology, a leading European cell therapy research centre located in Leipzig, supported by the Saxony Development Bank. This is the final tranche of funding to be received by Prima for CVac from this grant program.
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