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Pfizer will pay up to $45 million in development related milestone payments and up to $143 million if the vaccine hits early sales targets. Valneva is paying 30% of development costs and in return Pfizer will pay tiered royalties starting at 19% and will lead late-stage development.
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diff causes nearly 30,000 deaths each year in the US, and recurrent infections with the bacterium make up 10%-15% of all hospital-treated infections. diff since Sanofi ended development of its candidate in 2017, ahead of Valneva whose VLA84 has been shelved after phase 2 while it looks for a development partner.
is a global pharmaceutical company, working across both developed and emerging markets. Most of the company’s revenue comes from the manufacture and sale of biopharmaceutical products. billion in pharmaceutical sales from 2021. Notably, sales from their COVID-19 drug Actemra (tocilizumab) dropped significantly by 22 percent.
A 30-plus valent pneumococcal candidate vaccine is also in pre-clinicaldevelopment. billion to be paid upon the achievement of certain paediatric clinicaldevelopment milestones. The bacterium Streptococcus pneumoniae causes pneumococcal disease. GSK will account for the transaction as a business combination.
A 30-plus valent pneumococcal candidate vaccine is also in pre-clinicaldevelopment. billion to be paid upon the achievement of certain paediatric clinicaldevelopment milestones. The bacterium Streptococcus pneumoniae causes pneumococcal disease. CAGR: Compound Annual Growth Rate; **CER: Constant Exchange Rate.
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