Merck to buy Austrian vaccine maker as it jumps into COVID-19 race

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Merck to buy Austrian vaccine maker as it jumps into COVID-19 race
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Merck & Co Inc , which has largely kept to the sidelines of the race for COVID-19 treatments, said it was buying Austrian vaccine maker Themis ...

CHICAGO: Merck & Co Inc , which has largely kept to the sidelines of the race for COVID-19 treatments, said it was buying Austrian vaccine maker Themis Bioscience and would collaborate with research nonprofit IAVI to develop two separate vaccines.

"We wanted to be in a position where we could choose things that have the right kind of characteristics to make a contribution for a virus that's likely to be with us for some time," he told Reuters in an interview.The Themis vaccine, developed in collaboration with the Institut Pasteur in Paris, is based on a modified measles virus that delivers bits of the SARS-CoV-2 virus into the body to prevent COVID-19.

Last week, Dr. Francis Collins, director of the National Institutes of Health, said Merck's vaccine, and those from Johnson & Johnson and Sanofi , were a month or two behind Moderna's, but may get added to large efficacy trials this summer as they wrap up early-stage studies.Merck intends to shoulder the cost of scaling up production of the vaccines before either has been proven to work, although it has not yet determined where they will be manufactured commercially, he said.

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