The relevant result to be available by the end of the year
The middle of the week came with good news from GlaxoSmithKline and Sanofi. The largest vaccine maker globally and the French drugmaker announced that their potential COVID-19 #vaccine would undergo human testing.
It all started in April when the two companies joined forces to develop a protein-based #COVID-19 vaccine, which so far showed promising results in clinical trials. According to them, the human clinical trial is designed to assess the vaccine's safety, tolerability, and immune response. If all goes well, the first results will be available by December. The clinical trial will occur at eleven sites across the US, and more than 400 people will take part.
Combined, GSK and Sanofi have the largest developing and manufacturing capability in the world, and their target is to produce 1 billion doses of vaccine in 2021.
To speed up the vaccine's development and to secure 100 million doses, the US government gave the companies $2.1 billion. Also, the UK is said to receive up to 60 million doses of vaccine if proven effective by undergoing trials.
The market reacted positively to the news, and GSK stock price gained more than 2%, while Sanofi added over 1%.
While you are here, don't forget to check-out our Corona Blend!
Sources: theguardian.com, finance.yahoo.com
This information is prepared for general circulation. It does not have regard to the specific investment objectives, financial situation or the particular needs of any recipient.
You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.
This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of sc.capex.com