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Wednesday, May 27, 2020

Novavax boosts vaccine production capacity with Praha Vaccines takeover

Novavax (NASDAQ:NVAX) has acquired Cyrus Poonawalla Group’s Praha Vaccines a.s. for $167M in cash. The deal includes a biologics manufacturing facility and related assets in Bohumil, Czech Republic that, it says, should be able to produce over 1B doses of antigen for its COVID-19 vaccine candidate, NVX-CoV2373, in 2021.
https://seekingalpha.com/news/3577858-novavax-boosts-vaccine-production-capacity-praha-vaccines-takeover

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