Singapore, Feb. 26 -- South Korea-based SK bioscience has announced that together with IDT Biologika (IDT) and Australian biotechnology company Vaxxas, it has been selected for Phase 1 of a next-generation vaccine development initiative managed by the European Health and Digital Executive Agency (HaDEA) on behalf of the European Commission's Health Preparedness and Response Authority (HERA).

Using Vaxxas' needle-free delivery technology, the three-party consortium will develop a seasonal influenza vaccine for older adults and pandemic influenza vaccine for broader populations.

This contract is one of three EU-funded framework contracts, valued at up to a total of €225 million and aimed at strengthening next-generation vaccine comm...