MyEG Services Bhd, which has inked a deal with China’s Anhui Zhifei Longcom Biopharmaceutical Co Ltd (Zhifei) to supply its vaccine, believes the government will also secure supplies from the private sector.
As for MyEG, Wong notes that the price of its vaccines will depend on volume, but it will still be competitive.
The company has been engaging with the Ministry of Health and relevant authorities on its planned distribution.
Under the deal with Zhifei, MyEG has the exclusive rights for the distribution of the vaccine in Malaysia for a three-year period.
Zhifei — a subsidiary of Chongqing Zhifei Biological Products Co Ltd, which is listed on the Shenzhen Stock Exchange — is one of five Chinese companies conducting Phase 3 clinical trials. Zhifei has enjoyed a 200% jump in its share price year to date.
MyEG’s share price surged to a high of RM2.19 on Dec 7 and has gained 80.9% year to date.
MyEG says it will complete local Phase 3 clinical trials under the supervision of Clinical Research Malaysia (CRM) to ensure that the vaccine is safe and meets the efficacy requirements for the country’s population of 33 million.
“We intend to strengthen the competencies of our team by bringing on board, where necessary, people with the right experience, expertise and skill sets along different stages of the journey.
“We are ready to start and are engaging CRM and a clinical research organisation to finalise the timeline.”
mm... recovery sector.. so how long can this type of theme carry on?? even project abandon... roti canai style... so solu still got hope??? still big question mark...
Announcement after EGM my foot! This EGM is a formality and non-issue. No big deal. Just to pass Resolution for business diversification into pharmaceutical industry.
Get a new monkey trick and tell us something we don't already know.
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Bonus issues: 2002 3:10 ==> 2,600 units 2003 2:5 ==> 3,640 units 2005 1:1 ==> 7,280 units 2007 2:5 ==> 10,192 units 2010 1:1 ==> 20,384 units 2016 1:1 ==> 40,768 units 2018 1:1 ==> 81,536 units 2020 2:1 ==> 244,608 units
Today 244,608 units x RM8.70/unit = RM2,128,089
Capital Appreciation = From RM5,400 to RM2,128,089 in just 19 years
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Other Territory : Philippines, Vietnam, Thailand, Myanmar, Cambodia, Laos and Brunei PROVIDENCE : Providence Strategic Partners Sdn Bhd, the independent market researcher for the Prop
b) Manufacturing Phase - CanSino will supply 10,000,000 to 15,000,000 doses of the Bulk Product as requested by SOLBIO for purposes of manufacturing the Vaccine for commercialisation by SOLBIO in Malaysia at SOLBIO’s own cost and expense. Manufacturing is defined as all operations of SOLBIO related to purchase, storage, warehousing of the Bulk Product, formulation of the finished dosage from the Bulk Products and raw materials, labelling, packaging and releasing the Vaccine, warehousing, delivery, shipping and quality control. CanSino grants to SOLBIO a non-sublicenseable and non-transferable licence for 10 years to use the manufacturing know-how in Malaysia. (c) Commercialisation Phase – SOLBIO is responsible for commercialisation of the Vaccine in Malaysia which includes marketing, promotion, sale and
haha!! without me the counter will very senz... look at AT now... so u wan me here or not??? but sure still no interesting news release from solu... this call solbio.. mm... still cant digest roti canai direct purchase...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
FaridIsland
1,341 posts
Posted by FaridIsland > 2020-12-31 16:58 | Report Abuse
Tqvm.. Iee9fold...happy new yr to u and all....