CanSino Biologics (SSE: 688185, HK: 06185) has announced that the National Medical Products Administration of China (NMPA) has granted the company emergency use authorization for its recombinant COVID-19 vaccine (Adenovirus Type 5 Vector) for Inhalation, trade name Convidecia Air, to be used as a booster dose.
As a result, China became the first country to approve a needle-free, inhaled version of a COVID-19 vaccine.
CanSino Biologics’ stock price surged by over 14% in both the Chinese mainland and Hong Kong markets on Monday, closing up 9.8% at 141.50 renminbi.
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