China’s Kangtai Biological Partners With Startup to Develop mRNA Vaccines
Release time:
2021-07-19
(Yicai Global) July 19 -- Leading Chinese vaccine developer Kangtai Biological Products said it plans to work with a biotech startup to develop shots based on mRNA technology.
Wholly owned unit Minhai Biotechnology has inked the deal with Immorna Hangzhou Biotechnology, Shenzhen-based Kangtai said in a statement late yesterday. Minhai will be the sole holder of the approval documents for the vaccine products jointly developed in China.
Immorna will transfer mRNA-related technologies and product design plans to Minhai in phases, and will provide samples for small and pilot trials, according to the agreement. Minhai will conduct efficacy and toxicology experiments on the vaccines, prepare clinical trial samples, and be responsible for the registration and commercial production of final products, Kangtai said.
Kangtai developed a Covid-19 vaccine based on inactivated virus technology, which was approved by the National Medical Products Administration for emergency use in China on May 14. Immorna, a startup dedicated to developing innovative drugs based on the mRNA platform, announced it had completed Series A financing of over CNY100 million (USD15.4 million) in early February.
Kangtai’s shares [SHE:300601] closed up 0.8 percent at CNY148.4 (USD22.90) today, having risen nearly 5 percent at one point during early trading.
After determining the vaccine product varieties to be jointly developed, the two companies will pen a further pact to determine financial details including down payment, milestone payments and post-marketing sales commission, Kangtai added.
The two parties have now completed validation of part of a rabies vaccine project, Kangtai said, without mentioning whether they will develop a Covid-19 vaccine based on mRNA technology.
Related News
MENU
TEL
Research Triangle Park, NC, USA
+1 (984) 888-0460
Hangzhou/Shanghai, China
0571-821 76090
Statement
Privacy Statement
This privacy policy discloses the privacy practices for Immorna (Hangzhou) Biotechnology Co., Ltd. All Tools. This privacy policy applies solely to information collected by this web site. It will notify you of the following:
What personally identifiable information is collected from you through the web site, how it is used and with whom it may be shared.
What choices are available to you regarding the use of your data.
The security procedures in place to protect the misuse of your information.
How you can correct any inaccuracies in the information.
Information Collection, Use, and Sharing
We are the sole owners of the information collected on this site. We only have access to/collect information that you voluntarily give us via email or other direct contact from you. We will not sell or rent this information to anyone.
We will use your information to respond to you, regarding the reason you contacted us. We will not share your information with any third party outside of our organization, other than as necessary to fulfill your request, e.g. to ship an order.
Unless you ask us not to, we may contact you via email in the future to tell you about specials, new products or services, or changes to this privacy policy.
Your Access to and Control Over Information
You may opt out of any future contacts from us at any time. You can do the following at any time by contacting us via the email address or phone number given on our website:
See what data we have about you, if any.
Change/correct any data we have about you.
Have us delete any data we have about you.
Express any concern you have about our use of your data.
Security
We take precautions to protect your information. When you submit sensitive information via the website, your information is protected both online and offline.
Wherever we collect sensitive information (such as credit card data), that information is encrypted and transmitted to us in a secure way. You can verify this by looking for a closed lock icon at the bottom of your web browser, or looking for “https” at the beginning of the address of the web page.
While we use encryption to protect sensitive information transmitted online, we also protect your information offline. Only employees who need the information to perform a specific job (for example, billing or customer service) are granted access to personally identifiable information. The computers/servers in which we store personally identifiable information are kept in a secure environment.
Updates
Our Privacy Policy may change from time to time and all updates will be posted on this page.
If you feel that we are not abiding by this privacy policy, you should contact us immediately via e-mail info@immorna.com