Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Sinovac Biotech Ltd.    SVA   AGP8696W1045

SINOVAC BIOTECH LTD.

(SVA)
  Report
SummaryQuotesChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

China's Sinovac vaccine is safe, Brazil institute says

10/19/2020 | 12:40pm EST

BEIJING/SAO PAULO, Oct 19 (Reuters) - An experimental coronavirus vaccine developed by China's Sinovac Biotech appeared to be safe in a late-stage clinical trial in Brazil, preliminary results showed on Monday.

São Paulo's Butantan Institute, one of Brazil's leading biomedical research centers, which is carrying out the Phase 3 tests, said the two-dose vaccine, called CoronaVac, proved to be safe in a trial so far involving 9,000 volunteers.

But Butantan director Dimas Covas said data on how effective the vaccine is will not be released until the trial is completed on all of the 13,000 volunteers.

"The first results of the clinical study conducted in Brazil prove that among all the vaccines tested in the country, CoronaVac is the safest, the one with the best and most promising rates," São Paulo Governor João Doria told reporters.

The result is only preliminary and researchers will keep monitoring the participants in the on-going trial, Covas said. It's the first set of results of Sinovac's Phase 3 global trials, which are also being conducted in Turkey and Indonesia.

Covas said there were no severe adverse reactions to the vaccine, with 20% of the volunteers reporting mild pain from the injection while 15% reported headaches after the first dose, dropping to 10% for the second. Less than 5% reported nausea or tiredness, and even less had muscle aches, he said.

São Paulo state health secretary Jean Gorinchteyn said the vaccine appeared to produce protective anti-bodies. The state hopes to obtain regulatory approval for CoronaVac by the end of the year to start inoculating its population early in 2021, in what could the first vaccination programs in the Americas.

São Paulo signed a deal with Sinovac to buy 60 million doses by the end of February.

Sinovac wanted Brazil as a testing ground because it has been one of the global hotbeds of the virus, although cases are 43% off their peak of nearly 70,000 new cases a day in late July.

Brazil has reported more than 5.2 million COVID-19 cases since the pandemic began, the world's third most-affected country after the United States and India.

AstraZeneca PLC and Oxford University are nearing an analysis of their UK coronavirus vaccine trial. Pfizer Inc has said it could provide an early analysis of its trial this month, and Moderna Inc may announce its results in November. Russia's Gamaleya Institute may provide an analysis of its vaccine in the next month.

Competing candidates developed by AstraZeneca and Johnson & Johnson have had their trials halted in the United States due to safety issues.

Vaccines are considered as essential tools to curb the rampaging virus, which has killed over 1 million people globally. Brazil is also hosting a Phase 3 trial for AstraZeneca's vaccine candidate, while Johnson & Johnson said last month it aims to expand its final-stage human trials there.

CoronaVac uses inactivated vaccine technology, a traditional method that uses killed virus that cannot replicate in human cells to trigger an immune response.

Experts have warned that the safety of inactivated coronavirus vaccine candidates should be observed over longer periods, as some other inactivated vaccines had led to disease enhancement effect, where vaccine-triggered antibodies, instead of offering protection, could worsen infections when people became exposed to a virus after inoculation. (Reporting by Roxanne Liu and Anthony Boadle; Additional reporting by Eduardo Simoes in Sao Paulo; Editing by Miyoung Kim, Christian Plumb and Leslie Adler)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ASTRAZENECA PLC -0.67% 7748 Delayed Quote.1.85%
MODERNA, INC. 10.78% 109.18 Delayed Quote.458.18%
SINOVAC BIOTECH LTD. -0.31% 6.47 Delayed Quote.-6.77%
All news about SINOVAC BIOTECH LTD.
11/23Brazil has enough infection data to analyze Sinovac's COVID-19 vaccine - offi..
RE
11/23Sao Paulo expects regulator approval for Sinovac vaccine by January
RE
11/23Q&A : Where are we in the COVID-19 vaccine race?
RE
11/20SINOVAC BIOTECH : Pfizer eyes rapid COVID-19 vaccine roll-out in Latam after U.S..
RE
11/20Britain asks regulator to assess Pfizer vaccine for suitability
RE
11/20UK asks regulator to assess Pfizer vaccine for suitability
RE
11/20Sinovac may get Phase III trial results of COVID-19 vaccine by December, exec..
RE
11/17Brazil to receive China's Sinovac COVID-19 vaccine, eyes Pfizer candidate
RE
11/17Sinovac's COVID-19 vaccine induces quick immune response - study
RE
11/17Sinovac's COVID-19 vaccine induces quick immune response - study
RE
More news
Financials (USD)
Sales 2019 246 M - -
Net income 2019 44,9 M - -
Net cash 2019 183 M - -
P/E ratio 2019 17,8x
Yield 2019 -
Capitalization 640 M 640 M -
EV / Sales 2018 1,38x
EV / Sales 2019 1,86x
Nbr of Employees 910
Free-Float 50,1%
Chart SINOVAC BIOTECH LTD.
Duration : Period :
Sinovac Biotech Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Managers
NameTitle
Wei Dong Yin Chairman, President, CEO, Secretary & MD
Nan Wang Chief Financial Officer & Vice President
Qiang Gao Vice President-Research & Development
Yuk Lam Lo Independent Director
Jian Li Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
SINOVAC BIOTECH LTD.-6.77%640
CSL LIMITED12.64%103 950
SAMSUNG BIOLOGICS CO.,LTD.85.45%48 002
BIOGEN INC.-18.53%37 201
CHONGQING ZHIFEI BIOLOGICAL PRODUCTS CO.,LTD.140.54%29 065
ALEXION PHARMACEUTICALS, INC.13.83%26 903