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Hogan Lovells advises in transaction to boost African Vaccine production
Press releases
| 08
January
2025
Washington, D.C. Paris, 8 January 2025 – Global law firm Hogan Lovells has advised the African Development Bank, International Finance Corporation (IFC), and United States International Development Finance Corporation in a US$45 million financing package for VaxSen, a subsidiary of Sengal’s Institut Pasteur de Dakar.
The transaction aims to strengthen public health objectives by improving vaccine access in Africa by enhancing vaccine production capacity, supporting local supply chains, and establishing a robust network for vaccine distribution in alignment with African Union’s Vision 2040, which seeks to produce 60% of the continent’s vaccine needs locally.
More details on the transaction can be found here and here.
The Hogan Lovells deal team was led by partners Thomas Hechl (Infrastructure, Energy, Resources and Projects - IERP, Washington, D.C.), Olivier Fille-Lambie (IERP, Paris), senior associates Senal Ranatunga (IERP, Washington, D.C.), and Marie-Michèle Banzio (IERP, Paris), and former senior associate Takudzwa Matondo.
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