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Biotechnology Firm MedImmune to Acquire California Developer of Flu Vaccine.

San Jose Mercury News (San Jose, CA)

| December 04, 2001 | COPYRIGHT 2007 San Jose Mercury News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Paul Jacobs

Dec. 4--In a stock-for-stock transaction worth more than $1 billion, MedImmune, a biotechnology company in Maryland, announced Monday that it will acquire Aviron in Mountain View, the firm that developed a flu vaccine delivered by nasal spray rather than injection.

Executives of both companies say the planned merger will help speed Aviron's FluMist vaccine to market, perhaps in time for next year's flu season. They say the product, which will be marketed under a longstanding partnership with American Home Products, could become a blockbuster, with potential sales exceeding $1 billion a year.

The combined company, under the…

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