Edition:
India

Bavarian Nordic And Valneva Announce Partnership


Thursday, 18 Jun 2020 

June 18 (Reuters) - Bavarian Nordic A/S ::REG-BAVARIAN NORDIC AND VALNEVA ANNOUNCE MARKETING AND DISTRIBUTION PARTNERSHIP.COMPANIES HAVE SIGNED A TERM SHEET OUTLINING A MUTUAL AGREEMENT, WHICH WILL CREATE SIGNIFICANT COMMERCIAL SYNERGIES AND A MARKET LEADERSHIP POSITION IN SPECIALTY VACCINE INDUSTRY.PARTNERSHIP AGREEMENT HAS NO MATERIAL SHORT TERM FINANCIAL IMPACT.WILL TRANSFER MARKETING AND DISTRIBUTION FOR RABIPUR/RABAVERT AND ENCEPUR FROM GSK FOR KEY MARKETS LATER THIS YEAR.VALNEVA TO ASSUME RESPONSIBILITY FOR MARKETING AND DISTRIBUTION OF VACCINES FOR RABIES AND TICK-BORNE ENCEPHALITIS IN SELECTED EUROPEAN COUNTRIES AND CANADA.VALNEVA TO ASSUME RESPONSIBILITY FOR MARKETING AND DISTRIBUTION OF VACCINES FOR RABIES AND TICK-BORNE ENCEPHALITIS STARTING IN H2 2020.