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COVID-19 vaccine developer CanSino reports $15m net loss

Chinese company earned no revenue as it has yet to commercialize any products

CanSino Biologics' "Ad5-nCoV" vaccine is undergoing late-stage clinical trial in Russia, Chinese state media reported.   © Reuters

SHANGHAI -- Chinese drugmaker CanSino Biologics is accelerating clinical trials for its coronavirus vaccine even as earnings remained in the red.

The Hong Kong and Shanghai-listed company on Friday reported a net loss of 102 million yuan ($15 million) on the back of zero revenue since it has yet to commercialize any products.

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