UK pharma major GlaxoSmithKline (LSE: GSK) has announced that Menveo (meningococcal ACWY oligosaccharide conjugate vaccine) has received Therapeutics Goods Administration (TGA) approval for use in younger age groups in Australia.
Menveo, which was acquired by GSK as part of its 2014 deal to buy Swiss pharma giant Novartis' (NOVN: VX) vaccines unit, is now approved for active immunization of infants from two months of age and children to prevent invasive disease caused by Neisseria meningitidis serogroups A, C, W135 and Y.
"The TGA decision is welcome news for parents who want to vaccinate their young infants against a broad range of meningococcal strains"
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