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15-09-2021, 12:37 PM
China will have another mRNA vaccine for distribution to Indonesia, Singapore and Thailand. This vaccine, developed by a Canadian firm has yet to have any kind of approval.
BEIJING (BLOOMBERG) - Chinese biopharma firm Everest Medicines will license an mRNA Covid-19 vaccine from Canada's Providence Therapeutics Holdings as companies try to bring the most effective inoculation platform into China despite its apparent resistance to Western shots.
Everest will gain rights to Providence's vaccine in Greater China and countries that include Indonesia, Singapore and Thailand, it said in a statement Monday (Sept 13). It will pay US$100 million (S$134 million) cash upfront for access to the vaccines and mRNA technology, and up to US$100 million in profit-sharing, the statement said.
https://www.straitstimes.com/business/ch...llion-deal
BEIJING (BLOOMBERG) - Chinese biopharma firm Everest Medicines will license an mRNA Covid-19 vaccine from Canada's Providence Therapeutics Holdings as companies try to bring the most effective inoculation platform into China despite its apparent resistance to Western shots.
Everest will gain rights to Providence's vaccine in Greater China and countries that include Indonesia, Singapore and Thailand, it said in a statement Monday (Sept 13). It will pay US$100 million (S$134 million) cash upfront for access to the vaccines and mRNA technology, and up to US$100 million in profit-sharing, the statement said.
https://www.straitstimes.com/business/ch...llion-deal
