GSK to acquire clinical-stage biopharmaceutical company Affinivax
GSK to acquire clinical-stage biopharmaceutical company Affinivax
Source: directorstalkinterviews.com
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GSK to acquire clinical-stage biopharmaceutical company Affinivax
The agreement includes an upfront payment of $2.1 billion and two potential development milestones.
LONDON (dpa-AFX) - British drug company GlaxoSmithKline (GSK.L) will buy Boston-based vaccine developer Affinivax in a deal worth $2.1 billion, as per press releases issued by both the two companies
Affinivax is developing a vaccine to combat pneumococcal diseases which include pneumonia and meningitis as well as milder illnesses such as sinusitis.