
GSK Sells Two Meningitis Vaccines to Pfizer
The divestment of Nimenrix and Mencevax was to satisfy regulatory clearances when GSK gained Novartis’ vaccines business in an asset swap in March 2015.
GlaxoSmithKline has
To satisfy regulatory clearances, GSK has agreed to sell off its legacy meningitis vaccines Nimenrix and Mencevax, which reached combined global sales of GBP34 million in 2014. The agreement with Pfizer Ireland Pharmaceuticals remains subject to final European Commission approval, other regulatory approvals, and other customary closing conditions, which GSK hopes to receive in the coming months. The sale is expected to close before the end of the year. The total consideration for the sale, including some deferred consideration, is EUR115 million.
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