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Pharmaceuticals

China approves 2 experimental corona vaccines for clinical trials

Nasdaq-listed Sinovac Biotech and Wuhan Institute of Biological Products join race

Two more pharmaceutical makers receive approvals to move potential coronavirus vaccines into clinical testing.   © Reuters

BEIJING (Reuters) -- China has approved early-stage human tests for two experimental vaccines to combat the new coronavirus that killed over 100,000 people worldwide, state media Xinhua reported on Tuesday.

The vaccines are being developed by a Beijing-based unit of Nasdaq-listed Sinovac Biotech, and by the Wuhan Institute of Biological Products, an affiliate of state-owned China National Pharmaceutical Group.

In March, China gave the green-light for another clinical trial for a coronavirus vaccine candidate developed by military-backed China's Academy of Military Medical Sciences and HK-listed biotech firm CanSino Bio, shortly after U.S. drug developer Moderna said it had begun human tests for their vaccine with the U.S. National Institutes of Health.

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