Bavarian Nordic closes transaction with Janssen Pharmaceuticals
Collaboration grants Janssen the exclusive rights to Bavarian Nordic’s MVA-BN technology for two additional programs, targeting vaccines against hepatitis B virus and the human immunodeficiency virus.
Bavarian Nordic has announced the closing of the transaction with Janssen Pharmaceuticals Inc., part of the Janssen Pharmaceutical Companies of Johnson & Johnson regarding the license and collaboration agreement entered into on 27 July 2017. The transaction has been cleared under the Hart-Scott-Rodino Antitrust Improvements Act.
Consequently, Bavarian Nordic completes the direct placement to Johnson & Johnson Innovation - JJDC, Inc., consisting of 512,102 new shares of nominal value DKK 10 each (corresponding to approximately 1.63% of the Company's existing share capital) issued at a subscription price of DKK 405.1578 per new share raising gross proceeds to Bavarian Nordic of DKK 207.5 million.
Pursuant to section 10 of Executive Order no. 1526 of 9 December 2016 on Issuers' Disclosure Obligations, the total nominal value of Bavarian Nordic A/S' share capital after registration of the capital increase with the Danish Business Authority will amount to DKK 319,813,150, which is made up of 31,981,315 shares of a nominal value of DKK 10 each, corresponding to 31,981,315 votes.
The new shares will be admitted to trading and official listing on Nasdaq Copenhagen as soon as possible.
Related News
-
News Pharmaceutical Supply Chain People Moves
The latest appointments, promotions, and structural changes across the pharmaceutical supply chain.
-
News Merck KGaA to buy US biotech SpringWorks for US$3.9 billion
The German multinational pharmaceutical company Merck KGaA have signed a deal to buy US biotech company SpringWorks Therapeutics at an equity value of US$3.9 billion in a move to add rare cancer therapeutics to their pipelines.
-
News Cassava Sciences halts Alzheimer's drug trial after limited progress
Cassava Sciences have drawn a close to their investigations and development of the drug simufilam, which they intended to be used for the treatment of Alzheimer’s disease.
-
News US FDA adds haemodialysis bloodlines to devices shortage list
On March 14, 2025, the US FDA published an open letter to healthcare providers citing continuing supply disruptions of haemodialysis bloodlines, an essential component of dialysis machines.
-
News Vertex Pharmaceuticals stock jumps as FDA approves non-opioid painkiller
UK-based Vertex Pharmaceuticals saw their stock shares soar as the US FDA signed off on the non-opioid painkiller Journavx, also known as suzetrigine, for patients with moderate to severe acute pain, caused by surgery, accidents, or injuries.
-
News Lessons from CPHI Milan 2024: Sunny Intervals for Pharma Manufacturing?
As the 2024 CPHI conference wrapped up in Milan, we caught up with L.E.K. Consulting – a global strategy consulting firm with deep expertise in pharma manufacturing – to discuss evolving market perspectives and business outlook. -
News US BIOSECURE Act passed by US House of Representatives
The controversial act, which has already impacted several foreign companies operating in the US, was passed by the House of Representatives on September 9, 2024. It is now headed for the US Senate before it can be signed into law by President Joe Biden... -
News Drug prices agreed upon as part of the US Inflation Reduction Act
The Inflation Reduction Act brought into constitution by the Biden administation in 2022, which proposed a drug price negotiation between the government and pharmaceutical companies, has reached it's first agreement.