PRESTIGE BIOPHARMA ENTERS MOU WITH VAXINE FOR SUPPLY OF COVID-19 VACCINE AND CO-DEVELOPMENT OF COVID-19/INFLUENZA COMBO VACCINE

SINGAPORE, March 30 (Bernama-BUSINESS WIRE) -- Prestige Biopharma Limited and Vaxine Pty Ltd announced that the two organizations have entered into a memorandum of understanding (MOU) to collaborate on the supply of Vaxine’s COVID-19 Vaccine, Covax-19^® (also known as Spikogen^®) and on the co-development of COVID-19/influenza combo vaccine.

Vaxine has developed a state-of-the-art recombinant protein vaccine against COVID-19 that is manufactured using insect cells and includes Vaxine’s proprietary Advax polysaccharide adjuvant. This vaccine showed efficacy against infection by the Delta variant in Phase 3 clinical trials and already is in use in the Middle East. In December 2021, the Australian Therapeutic Goods Administration (TGA) granted a provisional determination allowing an application to be lodged for a provisional approval for this COVID-19 vaccine. Regulatory submissions are similarly underway in many other countries in parallel.

Industry experts remain concerned that the next pandemic might be even worse than Covid-19, creating an urgent need to develop strong and affordable pandemic vaccine platforms like the one Vaxine created for its Covid-19 and influenza pandemic vaccine production.

Through this MOU, Prestige and Vaxine will be building a long-term vaccine partnership, initially focused on manufacturing and commercialization of Vaxine’s Covid-19 vaccine and then as Covid-19 enters an endemic phase development of a next generation Covid-19/influenza combo vaccine as well as other vaccine projects.

The MOU will bring together Prestige’s global scale vaccine manufacturing capacity & research expertise with Vaxine’s innovative vaccine technologies including its vaccines against COVID-19, seasonal and pandemic influenza, hepatitis B, Japanese encephalitis, dengue, malaria, allergy and cancer.

Lisa S. Park, CEO of Prestige Biopharma, commented: “We are very pleased to enter into an MOU with Vaxine, given their great strengths in creating novel vaccine technologies. Vaxine’s efforts are aligned with Prestige’s ultimate aim to provide innovative vaccines for the era of endemic COVID. With this partnership, Prestige will be able to accelerate the development of more effective and accessible vaccines and at the same time contribute to the growing global demand for vaccines in response to COVID-19 and potential future pandemics.”

Dr Nikolai Petrovsky, CEO of Vaxine, commented: “We are delighted to enter into an MOU with Prestige Biopharma, given their exceptional capabilities in product development and large-scale drug manufacture. Through this partnership with Prestige we look forward to accelerating all the vaccines currently in our extensive development pipeline, starting with our Covax-19 vaccine and a Covid-19/influenza combo vaccine, but also including our pre-pandemic avian H7N9 influenza and Japanese encephalitis programs. Our Japanese encephalitis vaccine is particularly relevant right now with the first major endemic outbreak in Australia that has recently results in the patient deaths in multiple Australian states.”  

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