Stake of 10% in CureVac is part of deal that could eventually be worth more than £800m
The British pharmaceutical company GlaxoSmithKline has bought a 10% stake in a German biotech company that is a key player in the global race for a coronavirus vaccine as part of a deal that could eventually be worth more than £800m.
GSK on Monday said it would pay £130m for the stake in CureVac. GSK will also make a separate payment of £104m that will fund research into CureVac’s development of messenger ribonucleic acid (mRNA) vaccines.
