Chinese biopharmaceutical products company Sinovac Biotech has received $15m in funding to advance the development of its Covid-19 vaccine candidate, CoronaVac.

Advantech Capital and Vivo Capital have invested $7.5m each in Sinovac subsidiary Sinovac Research and Development. The investment is said to convert into 7.5% of the total equity interest in Sinovac R&D.

Sinovac started developing the inactivated vaccine against Covid-19 in January this year in collaboration with academic research institutes in China.

In preclinical studies, the vaccine candidate was found to be safe and provided protection to rhesus macaques monkeys. Findings were published in Science journal.

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

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