Japan to purchase 150 mln doses of Takeda-produced Novavax vaccines - drugmaker

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Takeda Pharmaceutical Co (4502.T) said on Tuesday the Japanese government agreed to purchase 150 million doses of the COVID-19 vaccine it will produce using Novavax Inc's formula.

Takeda, Japan's biggest drugmaker, is preparing to make the vaccine domestically and will distribute it in early 2022, pending approval from regulators, the company said in a statement. The TAK-019 vaccine is still undergoing clinical trials in Japan, according to Takeda.Novavax is licensing and transferring manufacturing technologies to enable Takeda to manufacture the vaccine, according to the statement.

The announcement builds on an earlier agreement between Takeda and the government to make some 250 million doses of the Novavax shot. The remaining doses could be given to other countries, Takeda has said previously.

 

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