Sanofi SA (SAN.FR) said Friday that it has signed a memorandum of understanding with the Saidal Group and the Pasteur Institute of Algeria to create a company to produce vaccines in Algeria.
Under the agreement, the new unit will manufacture three of Sanofi's most recent vaccines for immunization against a range of diseases including hepatitis B, diphtheria, whooping cough and tetanus.
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The unit will create 150 new jobs, Sanofi's vaccine subsidiary said, with an expected production capacity of between 10 million and 20 million doses a year.
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(END) Dow Jones Newswires
December 08, 2017 05:53 ET (10:53 GMT)