China Sinopharm chief rules out high price for coronavirus vaccine


- Sponserd Ads -

A potential coronavirus vaccine being developed by a unit of China National Pharmaceutical Group (Sinopharm) could cost no more than 1,000 yuan ($144.27) for two shots, state media on Tuesday quoted chairman Liu Jingzhen as saying.

Sinopharm has said its experimental vaccine could be ready for public use by the end of this year. It has entered a late-stage human test in the United Arab Emirates to gather proof of efficacy for final regulatory approvals.

“It will not be priced very high. It is expected to cost a few hundred yuan for a shot, and for two shots it should be less than 1,000 yuan,” Liu told the Guangming Daily newspaper.

Governments and drugmakers around the world are in a frenetic race to develop a COVID-19 vaccine. More than 200 candidates are in development, including more than 20 in human clinical trials.

Moderna Inc said earlier this month that smaller volumes of its experimental vaccine have been priced at $32-$37 per dose.

Last month, the U.S. government struck a deal for an experimental vaccine being developed by Pfizer and partner BioNTech SE that secures enough to innoculate 50 million Americans for about $40 a person.

Sinopharm’s Liu did not mention whether China’s state-backed nationwide insurance program would cover some of the vaccine costs for consumers, or whether it could be included in the country’s free vaccination scheme.

China National Biotec Group (CNBG), a Sinopharm unit, has moved two vaccine strains using the same method into human trials. Its plants in Wuhan and Beijing combined could make over two million doses of the drug annually.

($1 = 6.9316 Chinese yuan renminbi)

(Reporting by Roxanne Liu and Brenda Goh; Editing by Kim Coghill)

(Only the headline and picture of this report may have been reworked by The Indian Telegraph staff; the rest of the content is auto-generated from a syndicated feed.)

The Indian Telegraph
Established in 2007, The Indian Telegraph is a multi award winning digital media company based in Australia.

Share post:


More like this

Miss India Australia 2021 Winner

Sanya Arora, 22 years, dermal therapist, from Melbourne, has been...

Visa changes to support the reopening of Australia and our economic recovery

The Morrison Government is making it easier for highly...

Sydney international terminal bustling once again

After nearly 600 days of closed foreign borders, I...