Print Page   |   Sign In   |   Create a Profile
News & Press: Industry News

Aviragen, Vaxart merge to develop oral vaccines for influenza, norovirus and RSV

Tuesday, October 31, 2017   (0 Comments)
Posted by: Maria Thacker
Share |

For some antigens like norovirus and RSV, there are no approved vaccines. For others, like the seasonal flu, immunization rates are often far from ideal. Now, a new company, the product of a merger between Aviragen Therapeutics and Vaxart, aims to develop oral vaccines against these diseases.

After the transaction, which executives believe will close early next year, the combined company will take Vaxart’s name. Vaxart CEO Walter Latour will lead the combined company and shares will trade on Nasdaq under the proposed ticker “VXRT.”

The new Vaxart will have about $30 million in cash, which it will use to advance several key candidates in the company’s pipeline, Wouter Latour, M.D., CEO of Vaxart, said during a conference call on Monday about the transaction. Recent positive clinical data have derisked Vaxart’s platform, Aviragen CEO Joseph Patti, Ph.D., said on the call, leading the Nasdaq-listed company to pursue the merger after an extensive review of about 60 strategic options.

 

KEEP READING


more Calendar

2/20/2018
Small Dinner with Dr. Chris Lee, Founder of Vertera, Inc.

2/22/2018 » 2/23/2018
Georgia Clinical & Translational Science Alliance Statewide Conference

Membership Software Powered by YourMembership  ::  Legal