Novartis-GSK asset swap allows Valneva to take back control of marketing and distribution of Ixiaro
France-based biotech company Valneva (EPA: VLA) is to take direct control over the marketing and distribution of Ixiaro, the travel vaccine against Japanese encephalitis.
This terminates the marketing and distribution agreement with UK pharma major GlaxoSmithKline (LSE: GSK) related to Ixiaro, signed in 2006 with Novartis' (NOVN: VX) vaccines division. It has been possible due to specific contract provisions following the asset swap between Novartis and GSK, and supports Valneva’s strategy to build an independent and fully-integrated vaccines biotech company and use the potential of Dukoral, the company’s recently-acquired second travel vaccine.
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