GlaxoSmithKline PLC is promising to maintain the “agility and autonomy” of vaccine biotech GlycoVaxyn AG following the big pharma’s purchase of the Swiss company for $190 million in cash, announced Feb. 11. The move, which values GlycoVaxyn at $212 million, underlines the importance GSK attaches to conjugated vaccines and to the company’s research: GSK says it will take the next several months to develop ways of working with GlycoVaxyn to achieve an innovative collaboration ([A#14150211002]).
GSK took a small stake in GlycoVaxyn in 2012 when it agreed to collaborate on the development of several bacterial vaccines [See Deal]. The U.K. pharma now has snapped up the rest of GlycoVaxyn’s shares after the firm announced robust clinical responses with its first vaccine to enter clinical trials, a candidate for extra-intestinal pathogenic Escherichia coli (ExPEC) that is in Phase I studies with partner Janssen Pharmaceuticals Inc
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