ASX Release BTA
Australian Government stockpiles an additional 1.6 million courses of Relenza
Biota Holdings Limited (ASX:BTA) today announced that the Federal Government has
purchased an additional 1.6 million courses of Relenza for the National Medical Stockpile
to bolster supplies of antiviral drugs to treat pandemic influenza. The purchase cost is
A$43 million.
GlaxoSmithKline Australia (GSK) has confirmed that the purchase accurately reflects a
supply contract recently signed by GSK with the Federal Government.
On completion of the supply contract, the Australian National Medical Stockpile will
include 3.4 million courses of Relenza, comprising 33% of the total stockpile of influenza
antivirals.
Biota earns a 10% royalty on all Australian sales of Relenza.
About Biota
Biota is a leading anti-infective drug development company based in Melbourne
Australia, with key expertise in respiratory diseases, particularly influenza. Biota
developed the first-in-class neuraminidase inhibitor, zanamivir, subsequently marketed
by GlaxoSmithKline as Relenza. Biota research breakthroughs have included a series of
candidate drugs aimed at treatment of respiratory syncytial virus (RSV) disease, licensed
to AstraZeneca and novel nucleoside analogues designed to treat hepatitis C virus (HCV)
infections, licensed to Boehringer Ingelheim. Biota has clinical trials underway with its
lead compound for human rhinovirus (HRV) infection in patients with compromised
respiration or immune systems. In addition, Biota has a key partnership with Daiichi
Sankyo for the development of second generation influenza anti-virals.
- Forums
- ASX - Day Trading
- daytrade diaries... may 29 part 2
daytrade diaries... may 29 part 2, page-66
-
- There are more pages in this discussion • 55 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online