The purpose of the company is the development, manufacture, marketing and distribution of biopharmaceutical products, in particular vaccines. The company may acquire, manage and transfer patents, trademarks and technical and industrial know-how. The company may acquire, hold, manage and sell participations in companies of all kinds in Switzerland and abroad. The company may also conduct all business and enter into agreements that are suitable to serve the purpose of the company or the interests of its affiliated companies or that are directly or indirectly related thereto. The company may participate in other companies, acquire, establish or merge with such companies. The company may grant loans and other financings to its direct and indirect parent companies as well as their and its direct and indirect subsidiary companies and provide securities of all kinds for liabilities of such companies, including by way of pledges on or fiduciary transfers of the company's assets or guarantees of any kind, whether against payment or not. The company may establish branches and subsidiaries in Switzerland and abroad, as well as acquire, encumber, hold, manage, rent and sell real estate.