(Bloomberg) -- Sanofi struck a deal to help fund and sell an experimental vaccine developed by Johnson & Johnson against an invasive form of the digestive pathogen E. coli.
Sanofi will pay J&J’s Janssen unit $175 million upfront, as well as development and commercial milestones, the French drugmaker said in a statement. Both will co-fund research and development costs. The vaccine is in late-stage clinical trials.
The J&J shot targets extraintestinal pathogenic E. coli, which causes urinary tract infections but also meningitis in newborns and is a leading cause of sepsis in older adults.
The partners agreed to a profit-share arrangement in the US, the UK and four European Union countries. In the rest of the world, Janssen will get royalties and sales milestones.
Sanofi shares rose less than 1% in Paris trading.
(Updates with shares in last paragraph)
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