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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.



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.  


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