Glaxo will invest 130 million pounds in CureVac and provide an upfront payment of 104 million pounds for a research program to find and develop mRNA vaccines and monoclonal antibodies
GlaxoSmithKline Plc agreed to work with Germany’s CureVac on as many as five novel mRNA vaccines that will target infectious diseases as Covid-19 pushes companies and governments to focus on future pandemic threats.
The British pharmaceutical giant will invest 130 million pounds ($163 million) in CureVac and provide an upfront payment of 104 million pounds for a research program to find and develop mRNA vaccines and monoclonal antibodies, the company said on Monday. Messenger RNA is a technology that spurs the body to create specific proteins with its own cells, allowing the immune system to combat disease.
While CureVac is a player in the race for a coronavirus vaccine, the German company’s existing Covid-19 mRNA and rabies vaccines research programs are not included in the partnership.
Glaxo has a long history in vaccines, which accounted for more than 7 billion pounds in sales last year. The company is also among a number of developers pursuing potential Covid-19 jabs, working with France’s Sanofi in a bid to have a successful vaccine candidate available in 2021. The duo have been discussing a 500 million pound deal to supply the U.K. government with the shot.
The company is keen to speed up the development of new shots, a journey that can take 15 years. Glaxo sees an opportunity to do it in half as much time partly by harnessing new technologies that enhance the immune system’s response to vaccines, Emmanuel Hanon, its research and development head, said in an interview last year.