GlaxoSmithKline PLC, one of two Big Pharma partners of vaccine technology firm GlycoVaxyn AG, is acquiring the private Swiss biotech for $190 million in cash, adding bio-conjugation methods to its growing vaccines focus. Conjugated vaccines, usually made by chemical processes, account for 30% of annual vaccine sales worldwide.
The move [See Deal] complements GSK’s proposed transactions with Novartis AG that will see the British company acquiring Novartis’s vaccine portfolio for $7 billion
Read the full article – start your free trial today!
Join thousands of industry professionals who rely on Pink Sheet for daily insights
- Start your 7-day free trial
- Explore trusted news, analysis, and insights
- Access comprehensive global coverage
- Enjoy instant access – no credit card required
Already a subscriber?