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5:53 PM
Jul 02, 2007
 |  BC Extra  |  Top Story

Novartis, Intercell vaccines deal

Intercell (VSE:ICLL) and Novartis (NVS; SWX:NOVN) announced a vaccines partnership in which NVS will receive exclusive, worldwide rights to ICLL's IC31 adjuvant for influenza vaccines as well as opt in rights to ICLL's non-partnered vaccines. ICLL will receive EUR 120 million ($162.4 million) up front and a EUR 150 million ($203 million) equity investment from NVS. The pharma company is buying 4.8...

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