Green Cross, a South Korean biopharmaceutical company, said Wednesday that it has secured a $32 million deal to supply its flu vaccines to the Pan American Health Organization, a regional office under the World Health Organization.
The deal marks the largest single flu vaccine export deal secured by Green Cross since the company started to export its own flu vaccine products in 2009. With the new deal, vaccine exports by Green Cross will surpass the $150 million mark, placing the company on the No. 1 position in the vaccine procurement market around the world, the company said.
Green Cross also plans to take part in an additional PAHO-led procurement bid for flu vaccines for use in North American countries, which is scheduled for the latter half of the year. PAHO is one of the biggest vaccine buyers in the world. It announces procurement bids in varying scales throughout the year, the company said.
By Sohn Ji-young (jys@heraldcorp.com)
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