Press release
Sinovac Announced Buildup of Two Billion Annual Capacity of Its COVID-19 Vaccine
BEIJING--(BUSINESS WIRE)-- Sinovac Biotech Ltd. (“Sinovac” or the “Company”) (NASDAQ: SVA), a leading provider of biopharmaceutical products in China, today
About this update from Sinovac Biotech, Ltd.
[{"type":"text","content":" BEIJING--(BUSINESS WIRE)--\nSinovac Biotech Ltd. (“Sinovac” or the “Company”) (NASDAQ: SVA), a leading provider of biopharmaceutical products in China, today announced that the third production line of CoronaVac®, its COVID-19 vaccine, was completed and put into commercial production. Including this new production line, Sinovac’s annual capacity of CoronaVac® has reached 2 billion doses. At this time, over 200 million doses of CoronaVac have been delivered to over 20 countries, including China. It is estimated that over 100 million doses of CoronaVac have been administered during the vaccination rollout in different countries. The safety and effectiveness of CoronaVac® has been proven gradually along with the rollout of the vaccination around the world.\n\nIn the capacity expansion process, Sinovac adhered to the most stringent requirements and did not sacrifice quality for speed and expansion. The new production line has been inspected by China’s National Medical Products Administration (NMPA) in compliance with quality specifications.\n\nThus far, Sinovac’s COVID-19 vaccine received emergency use approval (EUA), or conditional marketing authorization, by over 30 countries. The facility and quality management system of CoronaVac has been inspected by China, Brazil, Indonesia, Chile, Singapore, and Saudi Arabia, as well as the World Health Organization (“WHO”). The large-scale production of hundreds of batches of COVID-19 vaccine proved that the vaccine production process is controllable and the quality is reliable.\n\nSinovac will continue to promote the production, supply, and various research studies of CoronaVac®, in order to ensure quality and safety, strive to meet the pandemic prevention and control needs, and make positive contributions to the availability and affordability of the COVID-19 vaccine on a global basis.\n\nAbout Sinovac\nSinovac Biotech Ltd. is a China-based biopharmaceutical company that focuses on the research, development, manufacturing and commercialization of vaccines that protect against human infectious diseases. Sinovac's product portfolio includes vaccines against COVID-19, enterovirus71 (EV71), hepatitis A and B, seasonal influenza, 23-Valent Pneumococcal Polysaccharide (“PPV”), H5N1 pandemic influenza (avian flu), H1N1 influenza (swine flu), varicella vaccine and mumps. Sinovac’s COVID-19 vaccine...