Novartis inks pact to enter Japanese vax market

Novartis has struck a deal with Takeda that will allow the Swiss pharma giant entry into the world's third largest vaccine market.

Takeda has agreed to pay Novartis a little more than a million dollars upfront along with milestones and royalties for Vaxem-Hib, a vaccine for the Haemophilus influenza Type B (Hib). Takeda takes on responsibility for clinical trials in Japan and will file the NDA for the vaccine, which will be sold under the Novartis name.

Japan's vaccine market is valued at $640 million and is widely expected to grow more.

- read the report from Reuters