Novavax: sells a site in the Czech Republic to Novo Nordisk

(CercleFinance.com) - US laboratory Novavax announced on Wednesday that it had reached a definitive agreement to sell a Czech Republic-based site to Denmark's Novo Nordisk for $200 million.


The asset transfer covers a 14,000 m2 recombinant protein production facility and its adjoining maintenance buildings, as well as the existing workforce and infrastructure.

In a press release, Novavax justifies its decision by its intention to transform itself into a company with few tangible assets, and its desire to invest in its nanoparticle technology platform.

The official sale of the plant is scheduled for December 30, the expected date of completion of the transaction.

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