Acambis offloads vaccine assets

A mere three years after it acquired Berna Products Corp

Randall C Willis
Register for free to listen to this article
Listen with Speechify
0:00
5:00
CAMBRIDGE, U.K.—A mere three years after it acquired Berna Products Corp., Acambis has sold the company to Crucell NV for $16.5 million. Berna sells and distributes Vivotif, an oral typhoid vaccine, in North America under a licensing and distribution agreement it signed with Berna Biotech AG, which was acquired by Crucell earlier this year. The distribution agreement was scheduled to end in 2010.
 
"Berna Products is no longer a strategic asset and its sale today crystallizes $16.5 million of value and cash in the short term," said Acambis CEO Gordon Cameron. "Together with the recently announced $19-million ARILVAX settlement and near-term revenues from the ACAM2000 U.S. government $30-million order, this deal further strengthens our financial position as we drive toward our goal of building a high-value product pipeline."
 
The sale includes operations in Miami and Canada, employing 15 people, and comes as a competitive product to Vivotif re-enters the market.

Randall C Willis

Subscribe to Newsletter
Subscribe to our eNewsletters

Stay connected with all of the latest from Drug Discovery News.

November 2023 magazine issue front cover

Latest Issue  

• Volume 19 • Issue 11 • November 2023

November 2023

November 2023 Issue