Issues Trading Outlook for GenVec Inc.

DALLAS, Oct. 16, 2009 (GLOBE NEWSWIRE) -- announces an investment report featuring anti-cancer drug developer GenVec Inc. (Nasdaq:GNVC). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.

The investment report on GenVec Inc. (Nasdaq:GNVC) should be of particular interest to comparable companies: Schering-Plough Corp. (NYSE:SGP), Sangamo Biosciences Inc. (Nasdaq:SGMO), SuperGen Inc. (Nasdaq:SUPG) and Biogen Idec Inc. (Nasdaq:BIIB).

The full report is available at:

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GenVec Inc. (GNVC), a clinical stage biopharmaceutical company, engages in the development of gene-based therapeutic drugs and vaccines. Its lead therapeutic candidate, TNFerade, is currently in a pivotal, phase III clinical study (PACT) in locally advanced pancreatic cancer. In addition, TNFerade is currently being evaluated for its potential use in the treatment of several other cancers, including esophageal cancer, rectal cancer, and head and neck cancer. The Company has strategic alliances and research contracts with the U.S. Department of Homeland Security, the U.S. Department of Agriculture, PATH Malaria Vaccine Initiative (MVI), the U.S. Naval Medical Research Center, and the Vaccine Research Center of the National Institute of Allergy and Infectious Diseases of the National Institutes of Health.

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In the report, the analyst notes:

"On September 24, the Company announced it received the fourth-year funding from the National Institute of Allergy and Infectious Disease (NIAID), which is part of the $52 million, five-year contract for the production of HIV vaccines. For the fourth year, GNVC will reportedly receive up to $2.3 million, which will support the generation of HIV vaccine candidates with its alternate adenovirus serotype technology.

"The Company stated in its recent 10-Q filing that it will continue to look for government sponsored research collaborations and grants to help offset future anticipated losses from operations, as it expects to continue to rely on government funding for a significant portion of its revenues for the next few years and, to a lesser extent, interest income."

To read the entire report visit:

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          Jeff Bishop

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