GenVec, Inc. GNVC +8.30% , a biopharmaceutical company using differentiated, proprietary technologies to create superior therapeutics and vaccines, today announced that it has extended its Research Collaboration and License Agreement with Novartis NVS +0.10% . Under the extension, Novartis will fund research at GenVec through January 2013 to support its hearing loss and balance disorders program."GenVec has worked closely with Novartis for the past two years to move this program forward and we remain committed to being a value added partner," noted Douglas E. Brough, Ph.D., GenVec's Vice President of Research. "This extension will allow GenVec to continue supporting this important effort."
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