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Big pharma and private equity seek healthy returns in Europe s east Reuters 2 hrs ago © Reuters/DAVID W CERNY Trial run of the national vaccination centre in Prague By Agnieszka Barteczko, Anna Koper and Michael Kahn WARSAW/PRAGUE (Reuters) - In the race to supply vaccines to end the COVID-19 pandemic, U.S. drug developer Novavax turned to emerging Europe to speed up production with a pair of deals that endorsed a growing trend for consolidation in the region. As part of a doubling in merger activity, buoyed by a combination of private equity and big pharma, Novavax bought the Praha Vaccines factory near Prague in a $167 million transaction last May. It followed up by partnering with Polish biotech company Mabion in March.

Czech republicLaura keenanAgnieszka barteczkoHacho hatchikianAdam pietruszkiewiczBarbara lewisKrzysztof krawczykMilosz grucaMichael kahnZentiva hatchikianAnna koperEuropean unionEuropean federation of pharmaceutical industriesPraha vaccinesTwiti investmentsCroatian fidelta