People receive Covid-19 vaccine jabs at a mass vaccination site in Gulou district of Nanjing, a Chinese city in eastern Jiangsu province. Photo: Xinhua
People receive Covid-19 vaccine jabs at a mass vaccination site in Gulou district of Nanjing, a Chinese city in eastern Jiangsu province. Photo: Xinhua

CanSino, Fosun Pharma sink with Chinese vaccine producers as Biden backs waiving patent, rights in blow to monopoly, profit outlook

  • CanSino, Sinopharm and Fosun Pharma logged huge losses, greeting mainland Chinese traders who returned from a three-day holiday break
  • The slide bucked a generally upbeat tone in Hong Kong market as the Hang Seng Index jumps as much as 1.2 per cent

People receive Covid-19 vaccine jabs at a mass vaccination site in Gulou district of Nanjing, a Chinese city in eastern Jiangsu province. Photo: Xinhua
People receive Covid-19 vaccine jabs at a mass vaccination site in Gulou district of Nanjing, a Chinese city in eastern Jiangsu province. Photo: Xinhua
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