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Novartis Moves Closer To Producing Swine Flu Vaccine "La Maiala ;-)"
Riguarda anche Solvay, monitorata nel "Report Chimica"..
ZURICH (Dow Jones)--Pharmaceutical company Novartis AG (NOVN.VX) Friday released positive data on a vaccine for swine flu, a day after the World Health Organization declared the first influenza pandemic in more than 40 years.
Novartis said it had produced its first batch of the vaccine for influenza AH1N1, the strain which triggered the WHO alert.
It said the vaccine was manufactured weeks ahead of expectations using cell-based technology, allowing for production without the need to adapt the virus strain to grow in eggs. It plans to start clinical trials with that vaccine in July and expects to get a license in the fall of 2009.
Analysts said it is important the batch has been produced by cell-based manufacture. This will enables Novartis to "beef up speed so you can have a vaccine in large quantities in the fall," Vontobel analyst Andrew Weiss said. He has a buy rating and a target price of CHF58.
More than 30 governments have asked Novartis to supply the vaccine ingredients, the company said.
The WHO's pandemic declaration will require all countries, including the dozens that haven't yet reported any cases, to launch pandemic-prevention plans.
Rivals such as GlaxoSmithKline Plc (GSK), Sanofi-Aventis (SNY) and Solvay SA (SOLB.BT) have recently said they have received orders for, or that they are ready to start production of vaccines to help protect against the new swine flu virus.
Some companies already sell anti-viral drugs that are effective against new influenza A (H1N1) virus: Switzerland's Roche Holding AG (ROG.VX) markets Tamiflu, and U.K.-based GlaxoSmithKline has Relenza.
On the Swiss bourse at 0740 GMT, shares in Novartis were up 2.2%, or CHF0.94 higher at CHF44.04 in a slightly firmer general market. The stock is down 17% from year-ago levels, however
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