Maxygen, Sanofi Pasteur ink $24.5M vaccine deal

Maxygen has agreed to transfer a portfolio of preclinical dengue antigens to Sanofi Pasteur for use developing a second generation vaccine. Maxygen stands to gain up to $24.5 million in the deal. The dengue virus afflicts more than 50 million people worldwide. About a week ago Maxygen announced that it is closing its facility in Denmark in a cost-cutting move.

- check out the release on the deal
- here's the AP report on Maxygen

ALSO: Take a look at Sanofi's pipeline. Report