Transgene Biotek, an Andhra Pradesh-based biotechnology company promoted by Dr K Koteswara Rao, has announced that a vaccine for AIDS that it is working on has passed a key milestone. The drug has proved its effectiveness by selectively killing more than 75% of the gp120 specific B cells within 48 hours of administration, said the company in a statement. Continue Reading →
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Sanofi Aventis to acquire Shantha Biotech, deal valued at 550mn euros
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Sanofi Aventis is acquiring the 80% stake that Merieux Alliance held in Indian vaccine company Shantha Biotech. The Hyderabad-based 90mn euro (Rs 620 crore) turnover company makes vaccines and its flagship product, a hepatitis-B vaccine Shanvac-B brought it fame. The company says this is India’s first WHO-Geneva pre-qualified vaccine. It also makes other vaccines including those used in inoculation of infants.