Biopharmaceutical company GSK plc (LSE/NYSE: GSK) and biotech firm CureVac N.V. (Nasdaq: CVAC) announced on Wednesday that they have restructured their collaboration into a new licensing agreement, with GSK acquiring full rights to develop, manufacture, and commercialise mRNA vaccines for influenza and COVID-19 globally.
CureVac will receive an upfront payment of EUR400m and could earn up to EUR1.05bn in additional milestone payments, along with tiered royalties. This new agreement replaces all prior financial considerations from their previous collaboration.
Since 2020, GSK and CureVac have been developing mRNA vaccines for infectious diseases, including candidates for seasonal influenza and COVID-19, currently in phase II, and avian influenza in phase I clinical development. GSK will now fully control the development and manufacturing of these vaccines, leveraging its investment in vaccine platform technologies to create best-in-class vaccines.
CureVac retains exclusive rights to additional undisclosed infectious disease targets from the prior collaboration and can independently develop and partner mRNA vaccines in other indications. The ongoing patent litigation between CureVac and Pfizer/BioNTech remains unaffected by this new agreement.
Completion of this agreement is subject to antitrust and regulatory approvals and customary closing conditions.
Acurx Pharmaceuticals presents positive Ibezapolstat Phase 2 clinical trial results for CDI
Technavio predicts increase in global peptide therapeutics market size
GSK secures global rights to CureVac's mRNA vaccines in new licensing deal
Biophytis reports positive Phase 2/3 results for COVID-19 treatment at WCID
SCG Cell Therapy's SCG142 IND application receives US FDA approval
EDX Medical to distribute cResponse cancer assay in UK and Nordics
Scancell Holdings announces evaluation agreement with major biotechnology company
GSK announces positive EAGLE-1 results for gepotidacin in gonorrhoea treatment
Soligenix receives orphan drug designation from FDA for active ingredient in SuVax
YS Biopharma repays USD40m loan facility
Moderna reports positive interim results from next-generation COVID-19 vaccine trial
Scancell initiates SCOPE trial's iSCIB1+ cohort
BioVaxys Technology announces non-brokered private placement
Senhwa Biosciences doses first subject in phase II study of Silmitasertib