Vaccine game seems like starting now, hahaha, went to few counter and looks, guess Next wave is vaccine wave ? Kanger looks like more strong in rebound sign
Solution was appointed ASEAN regional partner. Solution has a 10-year exclusive license from CanSino to undertake fill & finish manufacturing anddistribution processes of the latter’s single-dose COVID-19 vaccine.
Contingent on the National Pharmaceutical Regulatory Agency’s approval, the group has signed an agreement with the Government to supply 3.5m doses of this vaccine, covering 11% of the population. The Government has also expressed its interest in procuring more doses, given the vaccine’s convenience for rural usage, appeal for foreign migrants, and scarcity of single-dose formulated vaccines. Additionally, Solution is also looking to supply the vaccine to regional markets by partnering with local pharmaceutical companies, namely in the Philippines, Thailand, Vietnam, Myanmar, and Brunei.
Vaccine contributions likely to stay. Given that COVID-19 is likely to be endemic, a combination of acquired immunity and recurring booster shots will be needed to maintain an adequate level of resistance against this virus. Hence, additional government or private sector contracts may present themselves over the next few years.
We believe CanSino’s COVID-19 vaccine is preferred due to its single-dose regimen, safety profile, and completion of clinical trials for those aged 6-18. Moreover,Solution may stand to benefit from additional projects for other vaccines in CanSino’s pipeline, eg a meningococcal vaccine set to launch this
UCrest inks agreement with Chinese contract manufacturers to produce Sputnik V vaccines TheEdge Wed, May 19, 2021 09:04pm - 12 hours ago
KUALA LUMPUR (May 19): UCrest Bhd said today it has inked an agreement with two contract manufacturers in China and secured the capacity to produce Sputnik V vaccines.
The agreement is a follow-up to a Memorandum of Understanding (MoU) inked between UCrest and the Russian Direct Investment Fund (RDIF) in April, wherein it was agreed that UCrest will identify and manage contract manufacturers for the production of the Sputnik V vaccine for RDIF.
The agreement with the two Chinese contract manufacturers results in UCrest having secured the capacity to produce between 312 million and 960 million doses in a 24-month period, said the company, which is primarily involved in wireless and digital network products and services.
Under the MoU with RDIF, UCrest is tasked to manage the contract manufacturers including the sourcing of materials, coordinating work among manufacturers, getting the necessary approvals to achieve the production, and delivery of needed doses.
RDIF, which is a Russian sovereign wealth fund, will be responsible for technology transfer and total purchase of the product in a take-or-pay arrangement.
Elsewhere, the vaccine has been rolled out in India since last week while the Philippines has received the first batch of the vaccine, according to reports.
UCrest shares fell 4 sen or 10.81% to close at 33 sen, valuing the group at RM202.49 million.
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air01557
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Posted by air01557 > 2021-05-04 09:09 | Report Abuse
strong rebound should take it to 1.25 today