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Source: Yahoo Finance
Novavax announced a partnership with Takeda Pharmaceutical to sell up to 250 million doses of NVX‑CoV2373, its COVID-19 vaccine candidate, a year in Japan.
As part of the partnership, Novavax (NVAX) will license COVID-19 vaccine technology to Takeda for local production and commercialization in Japan. In exchange, Novavax will receive payments based on the achievement of certain development and commercial milestones, as well as a portion of vaccine proceeds.
NVX-CoV2373 is a stable, prefusion protein made using Novavax’ recombinant protein nanoparticle technology and includes the company’s proprietary Matrix M adjuvant to enhance the immune response and stimulate high levels of neutralizing antibodies.
Takeda (TAK) said it will receive funding from the Government of Japan’s Ministry of Health, Labour and Welfare (MHLW) to support the technology transfer and infrastructure and to scale-up of manufacturing.
“Takeda’s leading position in Japan, technical expertise, regulatory know-how and manufacturing capacity make the company an ideal partner to further expand the global availability of NVX-CoV2373,” said Novavax CEO Stanley C. Erck. “We look forward to collaborating with Takeda to rapidly develop, produce and commercialize the vaccine in Japan.”
In addition, Takeda will be responsible for regulatory submission to the MHLW and will produce and distribute NVX-CoV2373 in Japan.
Last week, Novavax disclosed that Phase 1 data from its Phase 1/2 randomized, placebo-controlled trial of NVX-CoV2373, showed “robust” virus neutralizing antibody responses. The early stage trial demonstrated that the experimental vaccine was generally well-tolerated and had a reassuring safety profile.
Separately, the biotech company announced the signing of a license and supply agreement with the Serum Institute of India Private Limited (SIIPL) for the development and commercialization of NVX-CoV2373 in low- and middle-income countries (LMIC) and throughout India.
For LMICs and India, Novavax and SIIPL are partnering on clinical development, co-formulation, filling and finishing and commercialization of NVX-CoV2373. As part of the partnership, Novavax expects to supply a minimum of 1 billion doses of the potential vaccine for India and low- and middle-income countries.
The best of the Muslim Times’ collection for war against Covid 19:
In this day and age, understanding bacteria and viruses and developing vaccines are national security issues. In my view sizable part of every country’s defense budget should be spent in these pursuits rather than making tanks and other weapons.
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