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Acquires Praha Vaccines in Czech Republic; annual operating capacity of over 1 billion doses of COVID-19 vaccine antigen
May 27, 2020
By: Contract Pharma
Contract Pharma Staff
Novavax, a late-stage biotechnology company developing next-generation vaccines for serious infectious diseases, has acquired Praha Vaccines a.s., part of the Cyrus Poonawalla Group, for approximately $167 million. The acquisition includes a biologics manufacturing facility and associated assets in Bohumil, Czech Republic. The facility is expected to provide an annual capacity of over 1 billion doses of antigen starting in 2021 for NVX‑CoV2373, Novavax’ COVID-19 vaccine candidate. NVX‑CoV2373 co...
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