VBI sells vaccine and facility for $33M; Bayer gets radioisotopes from PanTera; Thermo Fisher’s PPD expands offerings
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VBI Vaccines is selling its HBV vaccine asset VBI-2601 and its facility in Rehovot, Israel, to Brii Biosciences for $33 million, it announced on Wednesday. The two companies previously extended their HBV partnership in July last year to develop VBI-2601. Brii will now also gain the rights to develop and commercialize VBI-2601 in Asia Pacific, apart from Japan. The deal is predicted to close at the end of June this year. Both companies will work to transfer manufacturing to a site chosen by Brii Bio.
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