Cambridge Biostability, a developer of temperature-stable liquid vaccines, agreed a joint venture with Panacea Biotec of India.
Joint venture
Cambridge Biostability Ltd (CBL), a developer of temperature-stable liquid vaccines, agreed a joint venture with Panacea Biotec Ltd, the second-largest vaccine producer in India, under which Panacea Biotec has taken a 10 per cent stake in CBL for £1.935 million.
Panacea gets the right to use CBL’s technology to develop a stable version of pentavalent and other combination vaccines for the treatment of diptheria, tetanus, pertussis (whooping cough), hepatitis B and haemophilus influenza B, which will not require storage under refrigeration or reconstitution before use.
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