GSK throws £130m behind innovative vaccine developer CureVac

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>British drug giant GlaxoSmithKline has backed a &OpenCurlyDoubleQuote;cutting edge” player in the race to develop a vaccine for coronavirus&period; GSK said it was putting £130 million into CureVac for 10&percnt; of the business and would make an upfront payment of £104 million&period;<&sol;p>&NewLine;<p>The German vaccine company is racing to develop and manufacture a new method of preventing the spread of coronavirus&comma; using an innovative new solution&period;<br &sol;>&NewLine;CureVac uses messenger ribonucleic acid &lpar;mRNA&rpar; to help fight the virus&period;<&sol;p>&NewLine;<blockquote><p>Through the application of mRNA technology&comma; including SAM&comma; we hope to be able to develop and scale up advanced vaccines and therapies to treat and prevent infectious diseases quicker than ever before<&sol;p><&sol;blockquote>&NewLine;<p>The method allows the company to mimic the antigen needed&period; It uses mRNA to activate the body’s immune system to produce the right protein and help it fight the virus&period;<&sol;p>&NewLine;<p>Then-chief executive Daniel Menichella said in February he was keen to develop a vaccine that would not only fight Covid-19&comma; but also other coronaviruses such as Mers and Sars&period;<&sol;p>&NewLine;<p>However&comma; Mr Menichella later left the business after he met with US President Donald Trump&period; Although the company denied the allegations&comma; reports emerged in the press that the president was trying to get exclusive rights to CureVac’s new solutions&period;<&sol;p>&NewLine;<p>German ministers said that the vaccine would be shared with the world&comma; and not just given to individual companies&period; The government in Berlin has a 23&percnt; stake in the firm&period; The EU later invested 75 million euros &lpar;£68 million&rpar; into the company&period;<&sol;p>&NewLine;<p>This weekend&comma; Reuters reported that EU health authorities were in talks over buying vaccines in advance from CureVac and other companies&period;<&sol;p>&NewLine;<blockquote><p>With this collaboration&comma; we are gaining a world-class partner whose expertise and global footprint will allow us to further develop and translate the value of our platform into potential products for the world<&sol;p><&sol;blockquote>&NewLine;<p>Along with Moderna&comma; CureVac is one of the leading companies in the race to develop innovative mRNA vaccines&period; The method could be a revolution that transforms medicine&comma; CureVac’s founder Ingmar Hoerr has said&period;<&sol;p>&NewLine;<p>GSK’s agreement with CureVac covers the research&comma; development&comma; manufacturing and commercialisation of up to five mRNA-based vaccines&period; The development could expand the range of diseases that can be prevented or treated&comma; GSK said&period;<&sol;p>&NewLine;<p>Roger Connor&comma; president of GSK Vaccines&comma; said&colon; &OpenCurlyDoubleQuote;GSK’s self-amplifying mRNA &lpar;SAM&rpar; vaccine technology has shown us the potential of mRNA technology to advance the science of vaccine development&comma; and CureVac’s experience complements our own expertise&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Through the application of mRNA technology&comma; including SAM&comma; we hope to be able to develop and scale up advanced vaccines and therapies to treat and prevent infectious diseases quicker than ever before&period;”<&sol;p>&NewLine;<p>Dr Franz-Werner Haas&comma; acting CureVac chief executive&comma; said&colon; &OpenCurlyDoubleQuote;We are delighted to partner with GSK&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;With this collaboration&comma; we are gaining a world-class partner whose expertise and global footprint will allow us to further develop and translate the value of our platform into potential products for the world&period;”<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68ed0b2b76686">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; 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