Novartis Scores EU Approval for Meningitis Vaccine

Pharmaceutical giant Novartis announced in a press release Tuesday that the European Commission has granted approval for the company's vaccine for meningitis B (menB), Bexsero. It is the first approved vaccine for treating broad cases of this type of meningitis.

A European panel earlier backed Bexsero's approval bid in November 2012. The company plans to make Bexsero available as soon as possible in Europe, noting that menB is the leading cause of meningitis death in the continent. According to the release, Novartis has begun negotiating with European nations interested in including Bexsero in national immunization programs.

Andrin Oswald, head of Novartis' Vaccines and Diagnostics Division, is quoted in the company press release as saying, "Our vision is a world without meningitis, and our priority is to work with decision makers across Europe to ensure there is broad and timely access to vaccination."


Peak sales estimates vary, with projections of $700 million annually on the low end increasing to high-end estimates of $1 billion or more within the decade.

link

The article Novartis Scores EU Approval for Meningitis Vaccine originally appeared on Fool.com.

Dan Carroll has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


Increase your money and finance knowledge from home

Professional Vs Do it Yourself Investing

Should you get advice or DYI?

View Course »

Investing in Real Estate

Learn the basics of investing in real estate.

View Course »

Add a Comment

*0 / 3000 Character Maximum