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The deal will give Sanofi exclusive US over-the-counter (OTC) rights to Tamiflu, which is used for the prevention and treatment of flu.
South Africa’s Biovac Institute will start local production of Sanofi’s Hexaxim vaccine next year and Pfizer’s anti-pneumonia Prevnar 13 vaccine in 2021, boosting supply of life-saving drugs in its main market, its CEO said.
Novartis AG is buying US biotechnology company The Medicines Co for about $9.7 billion, the Swiss drugmaker said, as it seeks to expand its portfolio of medicines against cardiovascular disease.