Valneva´s partners Novartis and GlaxoSmithKline (GSK) to join forces and exchange assets
Novartis and GlaxoSmithKline (GSK) announced a major contemplated transaction, including the divestment of Novartis’ vaccine business (excluding flu) to GSK, expected to close in the first half of 2015 (Press release, Valneva, MAY 13, 2014, View Source;file=2014_05_13_Valneva_Q1_PR_EN.pdf [SID:1234502168]).
Overall, Valneva expects to benefit from its two existing strategic partners joining forces. The Company sees Valneva’s key assets partnered with Novartis as potentially highly complementary to GSK.
Valneva’s late stage Pseudomonas and C. difficile vaccines are not programs GSK already has in its R&D portfolio and may add significant value to the GSK R&D portfolio.
The Company does not expect any impact regarding its Flu/EB66 cell-culture partnership with GSK since the Novartis flu business (including their cell-culture based flu vaccine) is not part of the contemplated transaction at this point in time.
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