Panacea takes stake in Cambridge's new vaccine biz
Indian pharma firm Panacea Biotec has taken a 10 percent stake in UK-based vaccine maker Cambridge Biostability (CBL) for £1.9m (€1.4m) under a new joint venture deal signed between the two companies.This investment in gives Panacea more insight into CBL's stable liquid vaccine technology – which allows it to make vaccines stable without refrigeration –, its ongoing development and application in other vaccines and fields.
Panacea has also entered into an agreement to in-license Cambridge's technology for pentavalent and other vaccines used in the treatment of diphtheria, tetanus, whooping cough, hepatitis B and a virulent form of influenza.
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