Sinovac Biotech’s CoronaVac Covid-19 vaccine candidate has been undergoing phase three trials in many countries, including Brazil and Turkey. Photo: AFP
Sinovac Biotech’s CoronaVac Covid-19 vaccine candidate has been undergoing phase three trials in many countries, including Brazil and Turkey. Photo: AFP
Coronavirus pandemic
Business /  Companies

Sino Biopharm secures room for future growth with US$515 million investment in Sinovac’s Covid-19 vaccine unit

  • Beijing-based generic drug maker buys 15 per cent stake in Sinovac Life Sciences, a unit of Nasdaq-listed pharmaceutical firm Sinovac Biotech
  • Deal comes ahead of major announcement from China to launch 600 million doses of Covid-19 vaccines for use this year

Eric Ng
Eric Ng

Updated: 6:13pm, 14 Dec, 2020

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Sinovac Biotech’s CoronaVac Covid-19 vaccine candidate has been undergoing phase three trials in many countries, including Brazil and Turkey. Photo: AFP
Sinovac Biotech’s CoronaVac Covid-19 vaccine candidate has been undergoing phase three trials in many countries, including Brazil and Turkey. Photo: AFP
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