Source: Motley Fool
Despite a worldwide race to develop a COVID-19 vaccine, China’s CanSino Biologics (SEHK: 6185) didn’t make huge headlines when it announced last week that its COVID-19 vaccine candidate had been approved for widespread use among members of the Chinese military. Between the vaccine’s small population of eligible recipients, its limited efficacy, and its intense side effects, nobody seems to be clamoring to license it for manufacturing outside China. CanSino’s stock price has also remained shockingly unperturbed by the company’s breakthrough.
CanSino’s stock price has also remained shockingly unperturbed by the company’s breakthrough. Its highs from May show no sign of returning, and its trading volume remains nearly flat. Nonetheless, after the stock’s triple-digit growth this year so far, investors are right to be fearful of missing out on future returns with CanSino or another COVID-19 vaccine stock.
The best of the Muslim Times’ collection for war against Covid 19:
In this day and age, understanding bacteria and viruses and developing vaccines are national security issues. In my view sizable part of every country’s defense budget should be spent in these pursuits rather than making tanks and other weapons.
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Categories: China, The Muslim Times, Vaccine
Challenging the West’s traditional dominance of the industry, China is behind eight of the 19 vaccine candidates in human trials, with Sinovac’s experimental shot and one jointly developed by the military and CanSino among the front runners.
It is also focused mainly on inactivated vaccine technology – a technology that is well known and has been used to make vaccines against diseases such as influenza and measles – something which could raise the chances of success.
By contrast, several Western rivals such as U.S.-based Moderna and Germany’s CureVac and BioNTech are using a new technology called messenger RNA that has never before yielded a product approved by regulators.
‘TRIED AND TRUE’
“It’s a tried and true strategy,” said Paul Offit, director of the Vaccine Education Center at Children’s Hospital of Philadelphia, about inactivated vaccine technology.
“If I had to pick a vaccine that I think would be the most likely to be safe and effective, it would be that one,” he said. Offit is also co-inventor of the rotavirus vaccine, RotaTeq, manufactured by Merck & Co Inc .
https://www.yahoo.com/news/war-time-speed-china-leads-121648378.html