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Big pharma and private equity seek healthy returns in Europe's east


Big pharma and private equity seek healthy returns in Europe s east
Reuters
2 hrs ago
© Reuters/DAVID W CERNY
Trial run of the national vaccination centre in Prague
By Agnieszka Barteczko, Anna Koper and Michael Kahn
WARSAW/PRAGUE (Reuters) - In the race to supply vaccines to end the COVID-19 pandemic, U.S. drug developer Novavax turned to emerging Europe to speed up production with a pair of deals that endorsed a growing trend for consolidation in the region.
As part of a doubling in merger activity, buoyed by a combination of private equity and big pharma, Novavax bought the Praha Vaccines factory near Prague in a $167 million transaction last May. It followed up by partnering with Polish biotech company Mabion in March. ....

Czech Republic , Laura Keenan , Agnieszka Barteczko , Hacho Hatchikian , Adam Pietruszkiewicz , Barbara Lewis , Krzysztof Krawczyk , Milosz Gruca , Michael Kahn , Zentiva Hatchikian , Anna Koper , European Union , European Federation Of Pharmaceutical Industries , Praha Vaccines , Twiti Investments , Croatian Fidelta , European Federation , Pharmaceutical Industries , Western European , செக் குடியரசு , லாரா கீநெந் , பார்பரா லெவிஸ் , க்ரிஸ்டாஃப் கிரவ்க்ஜிக் , மைக்கேல் கான் , அண்ணா கோப்பர் , ஐரோப்பிய தொழிற்சங்கம் ,