China’s medical products regulator approves Sinovac Biotech’s COVID-19 vaccine for public use. This marks the second vaccine authorized in China, following an earlier approval for another developer’s shot. The move expands vaccine availability as China manages ongoing pandemic response efforts.
China approves broader use of the Sinovac coronavirus vaccine, allowing administration to populations beyond previously authorized high-risk and priority groups under emergency clearance. The move follows the vaccine’s domestic production and initial emergency approvals.
Sinovac raises **$515 million** to expand production of its COVID-19 vaccine candidate while its **Phase 3 trials progress**. The funding supports doubling manufacturing capacity as developers scale up ahead of potential regulatory approvals. Investors back the effort amid global demand for vaccines.
Sinovac Biotech raises $515 million to expand production of its COVID-19 vaccine. The funding comes from a local investor and aims to double manufacturing capacity. The company anticipates releasing efficacy data for its vaccine candidate this month.