Chinese firm announces vaccine could be ready by end of 2020
The China National Pharmaceutical Group (SinoPharm) said Thursday a coronavirus vaccine could be ready by the end of 2020, according to official media.
Chinese pharmaceutical companies completed early trials and are preparing for market entry by the end of the year, ahead of schedule, the Global Times reported.
"RESULTS ARE PROMISING"
The SinoPharm, which entered domestic phase I and II trials in April, said results from both phases were positive and without serious side effects.
"SinoPharm was approved at the end of June to begin international phase III clinical trials and [the vaccine] could be on the market by the end of the year," the newspaper quoted SinoPharm Chairman Liu Jingzhen. The vaccine was jointly developed by the Beijing Institute of Biological Products and the Wuhan Institute of Biological Products under SinoPharm.
A World Health Organization official said Wednesday that researchers have made good progress in developing vaccines against coronavirus, but first use cannot be expected until early 2021.