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GSK, Shenzhen Neptunus agree to set up JV for flu vaccinesPublished: 10 Jun 2009 00:26:49 PSTTop 5 News From ChinaKnowledge.comAlcatel-Lucent secures 40% of China Telecom’s FTTH projectChina’s cargo throughput up 5% in MayGoogle sees China market share drop to 20.9% in Q1Gucci opens flagship store in Shanghai, plans more China storesChina Southern Airlines delays 10 aircraft deliveriesJun. 10, 2009 (China Knowledge) – British GlaxoSmithKline (GSK), the world’s largest pharmaceutical company, announced on Tuesday that it has reached an agreement with Shenzhen Neptunus to establish a joint venture (JV) to develop and manufacture influenza vaccines for mainland China, Hong Kong and Macau, Reuters reported.The vaccines, which include vaccines for seasonal, pre-pandemic and pandemic influenza, are expected to become available during the next few years, said GSK in a statement.GSK, one of the world’s leading flu vaccine producers, will invest about £21 million (HK$260 million) in cash and assets for a 40% stake in the new JV, while Shenzhen Neptunus will contribute £31 million in cash and assets for the remaining 60% stake.GSK will offer access to its proprietary adjuvant system which optimizes production by increasing the number of vaccine doses that can be produced using a small amount of antigen, while the Chinese company will offer local manufacturing capacity and R&D expertise, according to the statement.Pursuant to the agreement, GSK is expected to buy additional shares to gain a majority stake in the JV within the next two years.The deal, which is still subject to regulatory approval, is expected to be closed in the fourth quarter of this year.Copyright © 2009 http://www.chinaknowledge.com无抵押贷款 呼和浩特旅行社 分散机 Learn Chinese online 引越し 見積もり ahappydeal spam
