Novartis to build US vaccine facility
Swiss drug major Novartis, which has been awarded a $220.5 million contact by the US Health and Human Services Department to help develop a cell-based influenza vaccine (Marketletter May 15), now plans to build a new vaccine plant in the USA. The firm's chief executive, Daniel Vasella, said in an interview with MarketWatch, that this is expected to cost around $400.0 million and will utilize new cell-based technologies to produce avian flu vaccine for the US market in the event of a pandemic.
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