InNexus Inc. Enters R&D Agreement Targeting Cancer With BioInvent Of Sweden, Appoints New Chairman Of The Board Of Directors

Published: Sep 27, 2006

VANCOUVER, British Columbia--(BUSINESS WIRE)--InNexus Biotechnology, Inc. (TSX VENTURE:IXS) (OTCBB:IXSBF), an innovative antibody-driven drug development company, today announced that it has entered into an R&D agreement with BioInvent International AB, a publicly-traded biotech firm, for the provision of InNexus’ SuperAntibody™ Technology with a BioInvent therapeutic antibody, targeting cancer. Under the agreement the Parties will perform collaborative R&D aimed at a single target. The agreement also contains terms for future drug development including commercialization. Financial terms of the transaction were not disclosed.

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