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TUESDAY, OCTOBER 03, 2023
Takeda to make Novavax's Covid-19 vaccine candidate in Japan

Coronavirus chronicle

Reuters
07 August, 2020, 04:15 pm
Last modified: 07 August, 2020, 04:17 pm

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Takeda to make Novavax's Covid-19 vaccine candidate in Japan

To ramp up production, Takeda will get funding from Japan's Health, Labour and Welfare ministry, the companies said

Reuters
07 August, 2020, 04:15 pm
Last modified: 07 August, 2020, 04:17 pm
Representative Photo/Reuters
Representative Photo/Reuters

Takeda Pharmaceutical will manufacture and sell up to 250 million doses of Novavax Inc's Covid-19 vaccine candidate in Japan every year, the two companies said on Friday.

To ramp up production, Takeda will get funding from Japan's Health, Labour and Welfare ministry, the companies said.

"Takeda's leading position in Japan, technical expertise, regulatory know-how and manufacturing capacity make the company an ideal partner to further expand the global availability of NVX-CoV2373," said Stanley Erck, chief executive officer of Novavax.

Takeda will handle the regulatory approvals in Japan, while Novavax will get a part of the vaccine proceeds as well as payments if certain development and commercial milestones are met.

Japan / covid-19 vaccine / Novavax

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