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Coronavirus Vaccine: Sinovac Aims For 600 Million Dose Capacity For COVID-19

According to Sinovac CEO Yin Weidong, the company plans to expand supply deals and trials of its experimental COVID-19 vaccine CoronaVac with more countries following positive results from early to mid-stage clinical trials

Coronavirus Vaccine: Sinovac Aims For 600 Million Dose Capacity For COVID-19
Highlights
  • Sinovac is conducting last stage of clinical trials of its COVID-19 vaccine
  • Indonesia has received 1.2 million doses of Sinovac vaccine
  • Sinovac's vaccine is currently approved for emergency use in China

Taipei: Chinese vaccine company Sinovac announced Monday (December 7) that it is planning to complete a new facility to double its annual vaccine production capacity to 600 million doses by the end of the year, while also securing a USD 500 million investment in a boost to its COVID-19 vaccine development efforts. The company is currently conducting the last stage of clinical trials for its vaccine candidate in Brazil, Turkey and Indonesia and is among the frontrunners of China’ s vaccine efforts. China has at least five COVID-19 vaccine candidates running late stage clinical trials across more than a dozen countries. Sino Biopharmaceutical Ltd., a pharmaceutical conglomerate, bought a 15 per cent stake in Sinovac for an investment of USD 500 million.

Also Read: WHO Chief Urges Global Leaders To Invest In COVID-19 Vaccines

The funds will allow the company to “improve our vaccine sales capabilities, expand in Asia markets, develop and access new technologies, and most importantly, accelerate our efforts to help combat the global pandemic,” Sinovac CEO Yin Weidong said in a statement.

On Sunday, 1.2 million doses of its experimental vaccine arrived in Indonesia and are expected to be approved for use soon. Sinovac’s candidate is a two-dose inactivated vaccine, an old-school technology in which a live virus is killed and then purified. It can be stored at 2 to 8 C (36 to 46 F), within the range of a normal refrigerator, unlike some other vaccines candidates that require far lower temperatures.

Sinovac’s experimental vaccine is currently approved for emergency use in China, although it has not yet obtained final market approval. Under emergency use, it has been distributed to groups the Chinese government deemed suitable, including front-line medical workers and border personnel. The latest public data from the company, published in the science journal Lancet, showed its candidate produced lower levels of antibodies in people than those who have recovered from COVID-19.

Also Read: No Vaccine Can Give 100 Per Cent Immunity From Any Disease, Say Experts Treating COVID-19 Patients

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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