On The Right Track! China's COVID-19 Vaccine Expected To Begin Mass Output This Year

As countries across the world speed up the process to find a cure for deadly coronavirus, China seems to be at the front of the queue with the country expecting to have a COVID-19 vaccine available as soon as the end of this year.

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As per Bloomberg, citing a report published in the official Wechat account of the State-owned Assets Supervision and Administration Commission, there is growing expectation in China that vaccine could be available this year.

The vaccine, jointly developed by the Beijing Institute of Biological Products and China National Biotec Group Co., has completed phase II testing and may be ready for the market at the end of this year or early next year, said the report.

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The production line for the vaccine will be fully disinfected and closed in preparation for output to start Saturday, and will have a full manufacturing capacity of 100 million-120 million vaccines each year.

Drugmakers are racing to develop a cure for the contagion that has so far killed at least 365,000 people. More than 100 vaccines for the virus are being developed globally, but only a handful have made it to the crucial and final human clinical trial stage, with Chinese scientists leading the way.

In total, five vaccines developed by Chinese companies are being tested on humans, the most in any country. Beijing has mobilized its health authorities, drug regulators and research institutes to work around the clock with local companies to come up with the world¡¯s first successful one for COVID-19.

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Last week, China saw its first vaccine candidate finish the phase one trial on humans, and the results have been promising. The vaccine appears to be safe and may protect people from the deadly coronavirus.

President Xi Jinping has promised to share any successful vaccine globally, but Chinese companies still face challenges. Phase III testing needs to be done in a place where the coronavirus is still spreading rapidly, and China¡¯s cases have dwindled to a handful each day. Also, an effective vaccine needs massive production capabilities in order to meet global distribution demands.