Biota Holdings Ltd. (BTA.AU) said Friday the Australian government will spend A$43 million to almost double its Relenza stockpile.

Biota said that the government will buy an extra 1.6 million courses to bolster its supplies of antiviral drugs to treat pandemic influenza.

The drug is made by GlaxoSmithKline PLC (GSK) under license and Biota earns a 10% royalty on all Australian sales of Relenza, it said in a statement.

On completion of the contract, the stockpile will include 3.4 million courses of Relenza, which comprises one-third of the total stockpile of influenza antivirals, Biota said.

-By Andrew Harrison, Dow Jones Newswires; 61-3-9292-2095; andrew.harrison@dowjones.com
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