Tag Archives: biotechnology

Sanofi to buy Biotech Company Principia for $ 3.4 billion

Sanofi agrees to take over US biotech company Principia Biopharma Inc. for about $ 3.4 billion as the French drugmaker turns to innovative therapies to stimulate growth under new Chief Executive Officer Paul Hudson. The all-cash deal will see Sanofi take full control of the company, which focuses on treatments …

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Novavax stock jumps on vaccinated deal with South Korean firm

Text size Andrey Rudakov / Bloomberg Novavax said it has a deal with SK Bioscience to produce the antigen component of its Covid-19 vaccine candidate during the pandemic period. The stock jumped more than 9% Thursday morning. Novavax (ticker: NVAX) said its development and supply agreement with the South Korean …

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