For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Sanofi India Shares Surge To All-Time High On COVID-19 Vaccine Announcement

|

Shares of Sanofi India rose as much as 10.4 percent to its all-time high of Rs 7,961 on BSE. Shares were trading in high volumes on Wednesday after its parent company said that it will be working with GSK to bring out a vaccine for COVID-19 by 2021.

Sanofi India Shares Surge To All-Time High On COVID-19 Vaccine Announcement
Sanofi India: Quotes, News
BSE 7547.00BSE Quote168.55 (-2.23%)
NSE 7524.90NSE Quote182.25 (-2.42%)
 

In a joint statement, French company Sanofi and UK's GlaxoSmithKline said they would be collaborating to develop an adjuvanted vaccine for COVID-19 using technology from both companies

These healthcare companies are known as the world's largest vaccine manufactures with vaccines for pneumonia and flu being the most administered ones.

Sanofi said it would contribute its S-protein COVID-19 antigen, which is based on the recombinant DNA technology that has produced an exact genetic match to the proteins found on the surface of the SARS-Cov2 virus. Its DNA sequence encoding this antigen has been combined into the DNA of the baculorvirus expression platform which is the basis of Sanofi's influenza vaccine. GSK will provide its adjuvant technology platform which helps in mass production of dosages with less dose of vaccine proteins.

Through its joint venture, the companies are aiming to get on with Phase 1 of the clinical trial by the second half of 2020 and expect to make the vaccine available by 2021.

The companies also said that global access to the COVID-19 vaccine would be a priority and that they "are committed to making any vaccine that is developed through the collaboration affordable to the public and through mechanisms that offer fair access for people in all countries".

Earlier, Pfizer announced that it had invested in a New York-based company that was developing a vaccine for COVID-19.

Story first published: Wednesday, April 15, 2020, 12:04 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more