NEWARK, Del.--(BUSINESS WIRE)--iBio, Inc. (OTCBB:IBPM) announced today that it has agreed in principle to license its technology, the iBioLaunch™ platform, and provide technology transfer services to G-Con, LLC, a private Texas company, and its affiliates, for the development and manufacture of plant-expressed influenza vaccines at a new facility being constructed in Bryan, Texas. The “GreenVax Project” will show proof of concept for a large-scale vaccine production facility using Nicotiana plants grown hydroponically in a contained environment. In contrast to current methods of production, the iBio green plant technology platform holds the promise of shortening vaccine production from months to weeks and allowing rapid response to newly emerging viruses not possible with conventional vaccine technology. Although the Project’s initial goal is to produce candidate H1N1 vaccines, iBio’s technology is highly adaptable to other influenza strains, other infectious diseases, as well as cancer.
