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Report: Abbott may sell off flu vaccine unit

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NEW YORK Abbott Labs may sell off its flu vaccine business, according to published reports.

The Wall Street Journal reported that Abbott could make up to $614 million from the sale of the business, which it acquired when it bought out Belgium-based Solvay Pharmaceuticals.

Solvay’s vaccine Influvac, which it markets outside the United States, had $197 million in sales last year, according to Reuters. According to Solvay’s website, Influvac is a sub-unit vaccine, made from inactivated purified surface fragments from three strains of the influenza virus, and has been on the market since the early 1980s.

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