return icon Vietnamnet.vn

S.Korean firm to provide Vietnam’s Nano Covax vaccine worldwide

Korean pharmaceutical firm HLB has signed an MoU with Nanogen, producer of Vietnam's Nanocovax Covid-19 vaccine, to acquire the rights to distribute the vaccine worldwide, except in Vietnam and India, when the vaccine is approved for use.

 

{keywords}

A person holds two vials of the Nano Covax Covid-19 vaccine. South Korean pharmaceutical firm HLB wants to distribute the vaccine worldwide, except in Vietnam and India. - Photo: SGGP

 

Accordingly, Nanogen will transfer the vaccine production technology to the South Korean company so that the latter can produce and sell the vaccine and conduct global marketing campaigns, Lao Dong newspaper reported.

The two sides planned to finish their negotiations after their scientists complete reviewing the clinical data on Nano Covax within the next three months.

Nano Covax is the only Covid-19 vaccine candidate undergoing the third trial phase in Vietnam, which involves some 13,000 volunteers, and Nanogen is awaiting the Ministry of Health’s approval for the emergency use of the vaccine.

After the third trial phase, Nanogen will seek the World Health Organization’s approval for its vaccine. The company sent a vaccine sample to the organization last month.

HLB Chairman Jin Yang-gon is one of the directors of Nanogen, while his company's affiliate, NextScience, is Nanogen’s third largest shareholder, holding a 10.4% stake in the company.

HLB Pharmaceutical, an arm of HLB, also signed an MoU with Nanogen in December last year to expand its presence in the global pharmaceutical market.

Early this month, Vekaria Pharmaceutical Group, one of the largest pharmaceutical firms in India, signed an agreement with Nanogen to supply Nano Covax in India.

Source: Saigon Times

Vietnam’s Nano Covax is 90% effective against SARS-CoV-2

Vietnam’s Nano Covax is 90% effective against SARS-CoV-2

Nano Covax is Vietnam’s first COVID-19 vaccine that is entering the third phase of human clinical trial with the participation of 13,000 volunteers. All the volunteers are set to receive two shots by August 15.  

MORE NEWS

EuroCham Chairman praises strong and forward-looking government

Vietnam’s recovery has been ensured by strong and forward-looking government support which helped to bring in more high-profile FDI projects

Many firms suspend raising capital from stock market

Many enterprises have either stopped mobilizing capital or changed their capital-raising plans on the stock market amid existing uncertainties and disadvantages.

HCM City runs out of Covid-19 vaccines

HCM City has run out of Covid-19 vaccines over the past 10 days, said Nguyen Hong Tam, the deputy director of the municipal Centre for Disease Control and Prevention.

VIETNAM NEWS HEADLINES SEPTEMBER 30

Chinese police hand over wanted man to Lao Cai authorities

Foreign-invested enterprises face up to procedural barriers

Administrative procedures such as a prolonged timeline for obtaining business licences, as well as overlaps in the legal framework, are continuing to affect the expansion plans of many foreign-invested enterprises in Vietnam.

Reisereporter.de: Vietnam among ten attractive destinations to escape Europe’s winter

With its year-round warm tropical climate, breathtakingly beautiful scenery, and exciting culture, Vietnam is gradually becoming an attractive destination for German tourists.

VIETNAM BUSINESS NEWS SEPTEMBER 30

Real estate sector faces debt default risk

Shan Tuyet tea, valuable timber plants named ‘Vietnam Heritage Trees’

More than 1,300 Shan Tuyet tea plants in Ha Giang province and a group of valuable timber trees in Dak Nong province have been recognised as “Vietnam Heritage Trees”.

Fast fashion brands scale up for growth

Surviving and developing in a competitive fast fashion market remains a challenge for many brands, especially for newcomers.

Arguments arise as properties required to be traded on exchange

Controversy has arisen over the Ministry of Construction’s draft of the amended law on real estate trading as it requires real estate products to be traded on an official exchange.

Boeing accelerates cooperation with Vietnamese suppliers

Boeing, the world’s leading aerospace company based in the US, are accelerating cooperation with Vietnamese suppliers and universities to provide a foundation for long-term industrial growth.

Expecting coffee exports to hit a record $4 billion

Vietnam Coffee Cocoa Association (Vicofa) forecasted that if the export price of coffee remained at a high level, as in the first half of the year

Major investors worry as stock market weakens

The stock market boards have been covered with red amid investors’ rising caution. There are few buyers, while selling pressure still exists. Foreign investors’ behavior has affected the market.

Vietnam sees great potential in ASEAN halal market

Despite opportunities available in the ASEAN halal food market, Vietnamese exporters have to date exported only a small amount of halal products to some countries in the region.

Vietnam is becoming a beacon in the region: The Brussels Times

The Brussels Times of Belgium has run an article highlighting that Vietnam is becoming a beacon in the region with the capacity to control inflation and maintain economic growth at a high level despite turbulent international affairs.
back_to_top