Big biotech, Biotech, Partnering

Bavarian Nordic awarded $228m for vaccine industry research

Posted on 23 April 2013

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Bavarian Nordic, a big biotech company,  won a two-year, $228 million U.S. government award for a smallpox vaccine industry research that accounts for almost all the company’s revenue.

Hedegaard had warned that the company might fire hundreds of workers and shut down a factory in Denmark if the Department of Health and Human Services didn’t order the work.

Bavarian Nordic’s Imvamune vaccine is meant for people with atopic dermatitis and compromised immune systems.

They are at risk of severe adverse reactions to the regular smallpox vaccine.

The new industry research award will ensure the U.S. has a total of 20 million doses of Bavarian Nordic’s smallpox vaccine in stock in case of a public health emergency.

Bavarian Nordic is guaranteed to receive $110 million for 4 million doses of its Imvamune vaccine.

The remaining $118 million, for another 4 million doses, hinges on the availability of U.S. funding next year, company officials said during the call.

For further deal information visit Current Agreements (subscription required)

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