Daily Banking News
$42.39
-0.38%
$164.24
-0.07%
$60.78
+0.07%
$32.38
+1.31%
$260.02
+0.21%
$372.02
+0.18%
$78.71
-0.06%
$103.99
-0.51%
$76.53
+1.19%
$2.81
-0.71%
$20.46
+0.34%
$72.10
+0.28%
$67.30
+0.42%

China Conditionally OKs Public Use of 2nd COVID-19 Vaccine | Voice of America


China has conditionally approved a second COVID-19 vaccine for public use.

The National Medical Products Administration said in a statement Saturday that regulators approved the use of Sinovac Biotech Ltd.’s CoronaVac the day before.

A vaccine developed by a Chinese institute affiliated with the state-owned China National Pharmaceutical Group (Sinopharm) was approved for public use two months ago.

The Sinovac vaccine, which is being administered in at least five other countries, was given emergency approval last July for people at high risk for infection, such as health care workers and employees of state-owned companies.

Conditional approval of the vaccine allows its use for the general public while research continues. The company must submit current data and reports of any adverse effects after the vaccine is sold on the market.

A third candidate vaccine from Sinopharm has already been administered to high-risk groups in China, while a fourth candidate from CanSino Biologics is being administered to military personnel.

FILE – A security guard takes a woman’s temperature as a precaution against the new coronavirus, as she lines up to enter a bank in Tegucigalpa, Honduras, June 18, 2020.

Developing countries buy vaccine

Some poorer countries, alarmed at watching rich countries receive millions of COVID-19 vaccine doses, are deciding not to wait for vaccines from the World Health Organization and other groups, and have instead started striking their own vaccine deals.

Juan Carlos Sikaffy, president of the Honduran Private Business Council, told The Associated Press that Honduras “cannot wait on bureaucratic processes or misguided decisions” to give citizens “the peace of mind” offered by COVID-19 vaccines.

The Honduran Private Business Council participated in a vaccine-buying deal for the Central American country by providing a bank guarantee.

Serbia has also gone to the vaccine market, even though it has already paid 4 million euros to WHO’s COVAX program, created to distribute the COVID vaccines fairly.

FILE – Serbia’s President Aleksandar Vucic talks to reporters in Belgrade, June 21, 2020.

Serbian President Aleksandar Vucic said he could not wait for COVAX after watching rich countries buy up so many of the precious shots.

“It’s as if they intend to vaccinate all their cats and dogs,” he said.

The head of the World Health Organization called Friday for pharmaceutical companies to share manufacturing facilities to increase the production of COVID-19 vaccines.

Speaking at an online news briefing from Geneva, Tedros Adhanom Ghebreyesus said “a massive scale-up in production” was needed.

He noted that France’s pharmaceutical company Sanofi announced it would make its manufacturing infrastructure available to support production of the Pfizer/BioNTech vaccine and called on other companies to do the same.

“We encourage all manufacturers to share their data and technology to ensure global, equitable access to vaccines,” Tedros said.

He also repeated his call for rich nations to share doses with poorer countries once they have vaccinated health workers and older people.

Tedros said 75% of all COVID-19 vaccinations worldwide have been given in just 10 countries, while nearly 130 nations have not given a single vaccination.

“The longer it takes to vaccinate those most at risk everywhere, the more opportunity we give the virus to mutate and evade vaccines,” Tedros said, adding that unless the virus is suppressed everywhere, it could resurge globally.

A health care worker prepares a dose of China’s Sinovac Biotech COVID-19 vaccine at a vaccination site in the Sambadrome, in Rio de Janeiro, Brazil, Feb. 6, 2021.

China’s Sinovac said Friday that late-stage trial data of its COVID-19 vaccine from Brazil and Turkey showed the vaccine prevented…



Read More: China Conditionally OKs Public Use of 2nd COVID-19 Vaccine | Voice of America

Get real time updates directly on you device, subscribe now.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.