Emergent BioSolutions to acquire US vaccines company
Today PaxVax announced it has entered into a definitive agreement to be acquired by US biotech firm Emergent BioSolutions (NYSE: EBS).
Emergent will acquire PaxVax’ portfolio of commercialized vaccines (Vaxchora and Vivotif for cholera and typhoid, respectively) and pipeline for diseases including adenovirus and chikungunya.
The all cash transaction, valued at $270 million, will create the world’s largest independent specialty vaccine company with global R&D, manufacturing and commercial operations - and will empower the public with better protection against a number of emerging health threats. .
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