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Independent writer focused on biotech, pharma, and science at large.

GSK on Wednesday announced it is restructuring an existing collaboration agreement with German biotech CureVac, focusing on their investigational mRNA vaccines for influenza and COVID-19 while withdrawing from other infectious disease projects. Under the amended contract, GSK will pay CureVac €400 million—or approximately $430 million upfront—and has pledged up to $1.13 billion in development, regulatory and sales milestones, as well as tiered royalties in the high-single to low-teens range. In return, GSK will gain full global rights to develop and commercialize CureVac’s investigational mRNA vaccines for influenza and COVID-19, including combination formulations. The restructured deal comes as CureVac undergoes a sweeping strategic restructuring initiative, also announced on Wednesday, and which includes a 30% layoff. #biotech #biopharma #pharma #layoffs #COVID19 #Flu

GSK Pays $430M Upfront for CureVac’s COVID-19, Flu mRNA Vaccines | BioSpace

GSK Pays $430M Upfront for CureVac’s COVID-19, Flu mRNA Vaccines | BioSpace

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