GSK to divest meningitis shots in exchange for EU clearance of Novartis deal

The European Commission has cleared GlaxoSmithKline's ($GSK) deal for most of Novartis' ($NVS) vaccines unit--on a couple of conditions. Glaxo has agreed to divest meningitis vaccines Nimenrix and Mencevax, marketed outside the U.S.; the duo generated £36 million ($54.7 million) in 2013. The British drugmaker will also part with two small bivalent vaccines sold in Italy and Germany that protect against diphtheria and tetanus, it said. Release

Suggested Articles

Already developing coronavirus treatments, Takeda struck a licensing deal to manufacture and market Novavax's vaccine candidate in Japan

On the heels of last week's deal for 120 million Pfizer-BioNTech shots, Japan has locked down 120 million more vaccines from AstraZeneca.

The pandemic price could be lowered for larger deals, CEO Stephane Bancel said. Pfizer and BioNTech priced 100M doses at $19.50 each for the U.S.