Innogenetics grants cervical cancer licence to GSK

BRUSSELS, July 1 Tue Jul 1, 2008 12:22pm EDT

BRUSSELS, July 1 (Reuters) - Belgian biotech company Innogenetics INNX.BR said on Tuesday it had granted GlaxoSmithKline (GSK.L) a worldwide, non-exclusive license to use its technology in cervical cancer vaccine studies.

Innogenetics said it would receive royalties for each test performed during the studies. GSK agreed to license Innogenetics' SPF10 primer technology, the Belgian company said in a statement.

U.S. disease diagnosis firm Gen-Probe Inc (GPRO.O) last month launched a 215 million euro ($339.3 million) bid for Innogenetics, trumping an offer from local drugmaker Solvay (SOLB.BR). (Writing by William Schomberg)

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.