GlaxoSmithKline Buys New Vaccine Developer Affinivax in $3.3 Billion Deal
The vaccine is currently in clinical trials has been “well tolerated in participants and demonstrated good immune responses,” according to the company. And a lot of money is riding on the success of that vaccine, as $1.2 billion hangs in the balance if the vaccine receives full approval from the FDA.
“Affinivax grew out of our founders’ scientific and personal vision to drive vaccine innovation to make a meaningful impact on people’s lives, in both developed and developing countries,”“Over the past eight years, we have taken that vision from the initial development of our MAPS™ vaccine platform at Boston Children’s Hospital to a pipeline of novel vaccines with our lead vaccine candidate in late-stage clinical studies,” Brugger continued.
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