Sanofi in agreement with Janssen to develop E. coli the vaccine candidate

PARIS (Reuters) - Sanofi on Tuesday announced it had reached an agreement with Janssen, a part of Johnson & Johnson, to develop and commercialize a vaccine candidate for extra-intestinal pathogenic E.coli.

Under the terms of the deal, both parties will co-fund current and future research and development costs. Sanofi will pay $175 million upfront to Janssen, followed by development and commercial milestones.

(Reporting by Tassilo Hummel; Editing by Benoit Van Overstraeten)