China city Beijing Uae gatherings testing vaccine Coronavirus China city Beijing Uae

China pharma company expects covid vaccine to be ready for mass use by year end

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BEIJING : A potential coronavirus vaccine being developed by a unit of China National Pharmaceutical Group (Sinopharm) could cost no more than 1,000 yuan ($144.27) for two shots, state media on Tuesday quoted chairman Liu Jingzhen as saying.Sinopharm has said its experimental vaccine could be ready for public use by the end of this year.

It has entered a late-stage human test in the United Arab Emirates to gather proof of efficacy for final regulatory approvals."It will not be priced very high.

It is expected to cost a few hundred yuan for a shot, and for two shots it should be less than 1,000 yuan," Liu told the Guangming Daily newspaper.Governments and drugmakers around the world are in a frenetic race to develop a COVID-19 vaccine.

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