Acambis Worth Pounds 60m Less After Vaccine Snub by Us

Evening Standard - London › November 14, 2006

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Summary

MOREthan Pounds 60 million was wiped off the stock-market value of Cambridge-based drugmakerAcambis after it shocked the market by admitting it has failed to win a contract to supply the US government with smallpox vaccines.

Acambis said it had been told by the US Department of Health that the group's technical proposal had recently been reevaluated, and was found to be "no longer in the competitive range for award".

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Acambis Worth Pounds 60m Less After Vaccine Snub by Us

Analysts had reckoned that the ...

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