Acambis PLC 's progression to profitability is about opportunities spotted and seized, focus and luck. Buying US group OraVax in 1998 was probably the company's shrewdest single move [See Deal]. It focused the group's activities on vaccines, an increasingly high growth area, providing two safe, effective technologies that underlie most of Acambis' current pipeline. OraVax also had a manufacturing plant on the East Coast, which Acambis initially tried to sell, since it had been idle for five years. There were no buyers at the time—luckily, as it turned out.
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