GSK Expands its Vaccine Presence in China - Pharmaceutical Technology

Latest Issue
PharmTech

Latest Issue
PharmTech Europe

GSK Expands its Vaccine Presence in China


ePT--the Electronic Newsletter of Pharmaceutical Technology

GlaxoSmithKline (GSK) has entered into an agreement to purchase Shenzhen Neptunus’ stake in a previously formed joint venture between the companies involved in the development and manufacture of influenza vaccines in China, Hong Kong, and Macau. GSK will pay Shenzhen Neptunus $39 million, after which GSK will be the sole owner of the joint venture company, Shenzhen GSK-Neptunus Biologicals (GSKNB).

GSKNB was established by GSK and Shenzhen Neptunus in June 2009, to develop and manufacture seasonal and pandemic influenza vaccines. The joint venture combined GSK’s adjuvant technology and expertise in vaccine development with Shenzhen Neptunus’ experience in the Chinese market. Under the terms of the original agreement, GSK was expected to purchase additional shares and obtain a majority equity interest in the company within two years. Subsequently, in August 2010, GSK increased its equity share in the joint company from 40% to 49%.

According to a statement from GSK, the decision to acquire all the outstanding interest in GSKNB reflects the company’s intention to further expand its vaccines presence in China, which it describes as a “fast growing emerging market.”

“GSK has licensed more vaccines in China than any other global manufacturer and has packaged more than 100 million vaccines at our Shanghai facility,” claimed John Lepore, vice-president and general manager of biologicals and corporate at GSK China, in the statement. “This announcement represents an expansion of GSK’s long-term commitment to vaccine supply, manufacturing and development in China.”

ADVERTISEMENT

blog comments powered by Disqus
LCGC E-mail Newsletters

Subscribe: Click to learn more about the newsletter
| Weekly
| Monthly
|Monthly
| Weekly

Survey
What role should the US government play in the current Ebola outbreak?
Finance development of drugs to treat/prevent disease.
Oversee medical treatment of patients in the US.
Provide treatment for patients globally.
All of the above.
No government involvement in patient treatment or drug development.
Finance development of drugs to treat/prevent disease.
27%
Oversee medical treatment of patients in the US.
14%
Provide treatment for patients globally.
8%
All of the above.
41%
No government involvement in patient treatment or drug development.
11%
Jim Miller Outsourcing Outlook Jim MillerCMO Industry Thins Out
Cynthia Challener, PhD Ingredients Insider Cynthia ChallenerFluorination Remains Key Challenge in API Synthesis
Marilyn E. Morris Guest EditorialMarilyn E. MorrisBolstering Graduate Education and Research Programs
Jill Wechsler Regulatory Watch Jill Wechsler Biopharma Manufacturers Respond to Ebola Crisis
Sean Milmo European Regulatory WatchSean MilmoHarmonizing Marketing Approval of Generic Drugs in Europe
FDA Reorganization to Promote Drug Quality
FDA Readies Quality Metrics Measures
New FDA Team to Spur Modern Drug Manufacturing
From Generics to Supergenerics
CMOs and the Track-and-Trace Race: Are You Engaged Yet?
Source: ePT--the Electronic Newsletter of Pharmaceutical Technology,
Click here