Biota: Australia Government To Boost Relenza Antiflu Drug Stockpile
29 May 2009 - 10:31AM
Dow Jones News
Biota Holdings Ltd. (BTA.AU) said Friday the Australian
government will spend A$43 million to almost double its Relenza
stockpile.
Biota said that the government will buy an extra 1.6 million
courses to bolster its supplies of antiviral drugs to treat
pandemic influenza.
The drug is made by GlaxoSmithKline PLC (GSK) under license and
Biota earns a 10% royalty on all Australian sales of Relenza, it
said in a statement.
On completion of the contract, the stockpile will include 3.4
million courses of Relenza, which comprises one-third of the total
stockpile of influenza antivirals, Biota said.
-By Andrew Harrison, Dow Jones Newswires; 61-3-9292-2095;
andrew.harrison@dowjones.com
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