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Walvax “Ends Negotiations” with GlaxoSmithKline

publication date: May 17, 2011
Walvax Biotechnology has reportedly ended negotiations for a tie-up with GlaxoSmithKline because China regulators decided against allowing GSK to import its measles-mumps-rubella vaccine (MMR). The vaccine was the centerpiece of a JV that Walvax and GSK announced two years ago, and a manufacturing facility was completed one year later. It isn’t immediately clear what “ending negotiations” means for the fate of the facility. More details....

Stock Symbols: (SHE: 300142) (NYSE: GSK)

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