Two Chinese companies working directly under state supervision say they will be ready to mass produce a coronavirus vaccine by as early as December 2020, pushing the pace of the 100 labs working worldwide to develop a safe COVID-19 treatment.
Formed in 2003 during a massive merging of Chinese industries, SASAC reports directly to China's state council and reports having $26 trillion in assets and an annual revenue of $3.6 trillion. The Wuhan Institute and Beijing Biological Products received approval from the Chinese government to move to Phase II clinical trials in mid-April.reached out to the Chinese embassy in Washington Sunday morning for additional details about coronavirus vaccine development updates.
Western scientists cast doubt on China's coronavirus vaccine claims over the weekend, with Dr. Peter Hotez of Baylor College telling MSNBC Sunday morning that any vaccine developed before the middle of next year would be setting an all-time"speed record." But last week the U.S. director of the National Institute of Allergy and Infectious Diseases, Anthony Fauci, said aas early as November. The Food and Drug Administration has fast-tracked vaccine trials to speed up the process.
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