Plant-based Medicago to be acquired by Mitsubishi Tanabe Pharma

medicago tobacco mitsubishi vaccine vlp (romtomtom

Medicago has announced that it has agreed to be acquired by Japanese company Mitsubishi Tanabe Pharma Corp (MTPC). The Canadian biopharmaceutical company has been developing vaccines using virus-like particles (VLPs) extracted from tobacco plants, and recently announced positive pre-clinical data with its VLP vaccine candidate for H7N9 influenza.

The deal would make Medicago a joint-venture firm of MTPC (60%) and tobacco company Philip Morris International (40%).

The latest venture is not the first time Medicago and Mitsubishi Tanabe have worked together – last year the two companies entered into an alliance to develop a rotavirus vaccine.

Read more at Reuters >

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