Stock Market News

CanSino’s inhaled COVID-19 vaccine gets emergency use approval in China

2022.09.04 17:16

CanSino's inhaled COVID-19 vaccine gets emergency use approval in China
FILE PHOTO: A logo of China’s vaccine specialist CanSino Biologics Inc is pictured on the company’s headquarters in Tianjin, following an outbreak of the coronavirus disease (COVID-19), China August 17, 2020. REUTERS/Thomas Peter//File Photo

HONG KONG (Reuters) -China’s CanSino Biologics Inc said on Sunday that its recently developed COVID-19 vaccine has been approved by the country’s drug regulator for emergency use as a booster, potentially benefiting its business.

The inhaled version of Cansino’s adenovirus-vectored COVID-19 vaccine has obtained the green light from the National Medical Products Administration, the company said in a filing on Sunday.

“The approval will have a positive impact on the company’s performance if the vaccine is subsequently purchased and used by relevant government agencies,” CanSino said.

The company cautioned, however, that it will face fierce competition from other vaccines in China that have also obtained government approval or are in clinical trials.

China granted emergency use authorisation to Livzon Pharmaceutical Group Inc’s COVID-19 vaccine as a booster, Livzon said on Friday, one of just two new products against the disease the country had cleared in more than a year.

Cansino also said it was uncertain when its vaccine would be able to go to market, since additional administrative approvals are still needed, while sales would depend on the COVID-19 situation at home and abroad, as well as China’s vaccination rate.

China has seen a recent flare-up in COVID outbreaks. The southern tech hub of Shenzhen imposed a weekend lockdown in most parts of the city on Saturday, while the southwestern metropolis of Chengdu put its 21 million people under lockdown on Thursday.

Mainland China reported 1,848 new coronavirus cases for Sept. 3, including both symptomatic and asymptomatic infections, compared with 1,988 new cases a day earlier.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 85,270.85 1.19%
ethereum
Ethereum (ETH) $ 2,216.52 0.39%
tether
Tether (USDT) $ 0.999724 0.02%
xrp
XRP (XRP) $ 2.16 1.16%
bnb
BNB (BNB) $ 604.95 2.74%
solana
Solana (SOL) $ 140.61 3.97%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.203567 1.34%
cardano
Cardano (ADA) $ 0.638762 1.18%
staked-ether
Lido Staked Ether (STETH) $ 2,215.51 0.37%
tron
TRON (TRX) $ 0.230777 0.47%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 85,122.81 1.14%
hedera-hashgraph
Hedera (HBAR) $ 0.240834 13.88%
chainlink
Chainlink (LINK) $ 14.79 0.73%
litecoin
Litecoin (LTC) $ 124.75 0.28%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,641.07 0.67%
stellar
Stellar (XLM) $ 0.301818 5.92%
leo-token
LEO Token (LEO) $ 9.77 5.93%
sui
Sui (SUI) $ 2.82 0.30%
avalanche-2
Avalanche (AVAX) $ 21.57 2.37%
the-open-network
Toncoin (TON) $ 3.28 1.97%
shiba-inu
Shiba Inu (SHIB) $ 0.000014 2.02%
usds
USDS (USDS) $ 0.999898 0.04%
mantra-dao
MANTRA (OM) $ 7.47 0.33%
polkadot
Polkadot (DOT) $ 4.62 1.97%
hyperliquid
Hyperliquid (HYPE) $ 19.21 1.43%
weth
WETH (WETH) $ 2,219.19 0.28%
bitcoin-cash
Bitcoin Cash (BCH) $ 309.85 0.79%
ethena-usde
Ethena USDe (USDE) $ 0.998916 0.01%
bitget-token
Bitget Token (BGB) $ 4.04 0.83%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,348.92 0.71%
uniswap
Uniswap (UNI) $ 7.48 0.53%
monero
Monero (XMR) $ 222.91 6.18%
near
NEAR Protocol (NEAR) $ 3.26 6.43%
whitebit
WhiteBIT Coin (WBT) $ 26.43 0.10%
aptos
Aptos (APT) $ 6.39 0.18%
dai
Dai (DAI) $ 1.00 0.03%
ondo-finance
Ondo (ONDO) $ 1.01 2.00%
pepe
Pepe (PEPE) $ 0.000008 4.37%
internet-computer
Internet Computer (ICP) $ 6.47 0.81%
susds
sUSDS (SUSDS) $ 1.04 0.06%
aave
Aave (AAVE) $ 193.16 2.15%
ethereum-classic
Ethereum Classic (ETC) $ 19.02 2.21%
bittensor
Bittensor (TAO) $ 329.78 0.07%
okb
OKB (OKB) $ 45.19 0.34%
gatechain-token
Gate (GT) $ 20.91 0.18%
official-trump
Official Trump (TRUMP) $ 12.99 2.20%
mantle
Mantle (MNT) $ 0.747597 3.08%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 85,335.86 1.18%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.275299 1.63%