China’s Sinovac secures $515m to boost COVID-19 vaccine production

China’s Sinovac secures $515m to boost COVID-19 vaccine production

Photo by Louis Reed on Unsplash

China’s Sinovac Biotech has secured $515 million in funding from a local firm to double production capacity of its coronavirus vaccine, the companies said on Monday, as it expects efficacy data of its experimental shot this month.