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Additionally, Novartis is provided with an exclusive option to negotiate a joint development and commercialisation agreement with Dynavax.
Reportedly, if Novartis exercises the right, Dynavax would retain co-commercialisation rights in the US and receive product royalties outside of the US.
However, if Novartis does not exercises the right, Novartis will provide commercial supply of trivalent influenza vaccine with pre-agreed commercial terms and Dynavax retains the right to independently continue with late-stage development and commercialisation.
Influenza is a contagious respiratory illness caused by influenza viruses that can mutate frequently. Serious illness and death from influenza are highest among persons greater than 65 years of age and children below two years of age.
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