Exclusive | BioNTech vaccine: Fosun Pharma says a new shipment is ready for delivery to Hong Kong and Macau, pending results of investigation into defective packaging in the first batch
- The replacement batch of BioNTech vaccines for Hong Kong and Macau, and the next batch, will be sent pending the results of an investigation
- The investigation outcome will be announced in the next few days, Fosun Pharma’s chief executive said
Fosun Pharma, the agent distributing BioNTech vaccines in Hong Kong and Macau, said that a new batch of doses is ready to be shipped, pending the results of the investigation into packaging defects which had halted the cities’ roll-out of the German-made jabs, sending its shares to their biggest intraday percentage gain in seven days.
The replacement batch of BioNTech vaccines for Hong Kong and Macau, and the next batch, will be sent pending the results of the investigation, Fosun Pharma’s chairman and chief executive Wu Yifang said in an interview on Tuesday. An announcement about the investigation outcome will be made in the next couple of days, he said.
“There will definitely be a new batch of [vaccines] for Hong Kong and Macau, to resolve issues about continuing the vaccination programme,” said Wu.
The third batch of BioNTech vaccines was “already prepared, but we must ensure that the investigation is complete, without any potential uncertainties,” Wu added. “Vaccines are preventive products, and must [adhere to] the highest requirements.”
Vaccinations of the affected batch, as well as 758,000 doses of batch number 210104 currently in storage were halted by health officials as a safety precaution. The government has stressed that neither batch posed any safety risk.
Fosun Pharma’s shares jumped by as much as 3 per cent in Hong Kong today to an intraday high of HK$33.75, their biggest one-day percentage jump in seven days. The stock had recovered most of its losses since plunging by about 8 per cent when the BioNTech vaccination was halted last week.
Yesterday, Fosun Pharma reported a 10.3 per cent increase in its 2020 net income to 3.7 billion yuan (US$563 million), beating the 0.2 per cent increase expected in Bloomberg’s poll of six analysts. Revenue from the Shanghai-based company’s medical devices and diagnosis segment jumped 39.7 per cent to 5.2 billion yuan, accounting for 17.3 per cent of the group’s total revenues.
“In terms of combating the coronavirus pandemic, we will focus on mRNA vaccines, and develop antibody treatments for symptoms from Covid-19,” said Wu. “We are also experimenting with some small-molecular drugs [to treat Covid-19], but so far we haven’t seen any products in the small molecule [space] that can...solve the problem immediately. These are still in the early stages of development, and we are still exploring.”