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Intercell, Vivalis deal

Vivalis will merge with infectious disease company Intercell in a stock deal that values Intercell at about €132.5 million ($174.4 million). The combined company, which will be a public company named Valneva SE, will also raise €40 million ($52.6 million) in a fully committed rights issue following the close of the merger, which is expected in May 2013.

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