$250 million Canada-China flu vaccine JV stalls after spat over deal renegotiation
This article was originally published in Scrip
Executive Summary
The future looks uncertain for a joint venture that had been limbering up to build Asia's largest influenza vaccine facility in Hunan province, China. One of the joint venture partners, Canadian firm Microbix Biosystems, says it has suspended all activity and returned finances raised from private investors in January, after running into an impasse in negotiations with its Chinese partner over amendments to the deal they originally signed in 2008.