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Glaxo to invest in German vaccine maker CureVac

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The logo of the biopharmaceutical company CureVac is seen in front of the company’s headquarters in Tuebingen, southern Germany on June 23, 2020.


thomas kienzle/Agence France-Presse/Getty Images

GlaxoSmithKline on Monday said it was taking a stake in German vaccines maker CureVac, the latest move by a major drugmaker to boost capabilities to fight pandemics.

Glaxo said CureVac’s mRNA technology would complement its own capabilities.

Under the terms of the deal, GlaxoSmithKline
GSK,
+1.85%

GSK,
+0.79%

will make an equity investment in…



Source marketwatch.com

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