It is teaming up with US biotech company Translate Bio to develop a wide range of mRNA vaccines. FMTNews
PARIS: French drugmaker Sanofi has agreed to a potential US$2 billion vaccine deal with Translate Bio, expanding their collaboration in development of an inoculation against Covid-19 and sending the US biotech company’s shares soaring.
Translate Bio’s Nasdaq-listed shares jumped 66% on the news before receding slightly to stand at US$22.91 at 3.09pm, up 41% on the day and 190% this year.The deal will give Sanofi about 7.2% of Translate Bio and exclusive worldwide rights to develop, manufacture and sell infectious disease vaccines using the US company’s technology.
In a statement sent before a virtual research and development event taking on Tuesday, Sanofi said it would be able to supply annual capacity of between 90 million and 360 million doses. “We will test a range of doses, and whatever gives us the best immunogenecity and neutralising data, combined with best safety, will be the dose we take forward.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sanofi expands US vaccine venture in Covid-19 race | The Malaysian InsightSanofi expands US vaccine venture in Covid-19 race
Read more »
French midfielder Schneiderlin leaves Everton to join Nice(Reuters) - Midfielder Morgan Schneiderlin has completed a permanent transfer to Ligue 1 side Nice from Everton for an undisclosed fee, the clubs announced on Tuesday.
Read more »
Search resumes for French girl who disappeared 17 years agoA serial killer recently confessed to her murder to investigating magistrates. FMTNews MissingChildren France EstelleMouzin
Read more »
Sanofi expands US vaccine venture in Covid-19 race | The Malaysian InsightSanofi expands US vaccine venture in Covid-19 race
Read more »
US, Brazil protest Thailand's pesticide ban over impact on wheat, soy exportsThai business groups see US$55 bil impact on local food supply. FMTNews Brazil US Thailand
Read more »
SoftBank to sell US$21 bil in T-Mobile sharesThe move comes a month after an eye-watering US$8.9 bil annual net loss. FMTNews SoftBank
Read more »