Half billion dollar investment in Sinovac coronavirus vaccine

8 December 2020

Beijing’s Sinovac Biotech has secured approximately $500 million in funding for further development, capacity expansion and manufacturing of its coronavirus vaccine.

Dubbed CoronaVac, Chinese authorities approved the vaccine for emergency use in late August, with high-risk groups such as medical staff receiving the jab since October.

The product is an inactivated vaccine that uses a non-infectious version of the novel coronavirus to stimulate an immune response.

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