S.Korea to begin producing Novavax COVID-19 vaccine as early as June | Inquirer News
Close  

S.Korea to begin producing Novavax COVID-19 vaccine as early as June

/ 05:58 PM April 12, 2021

A medical worker receives the second dose of the Pfizer-BioNTech Covid-19 coronavirus vaccine at a vaccination centre in Seoul on March 20, 2021. (Photo by JUNG YEON-JE / POOL / AFP)

SEOUL — South Korea said on Monday it plans to begin local production of Novavax Inc’s COVID-19 vaccine as early as June, while five domestic companies aim to start late stage clinical trials of their own shots in the second half of this year.

The announcements came after President Moon Jae-in hosted a special meeting on anti-virus efforts and vaccine development as the country fears a possible fourth wave of infections.

ADVERTISEMENT

Health Minister Kwon Deok-cheol said that SK Bioscience Co will be able to begin manufacturing Novavax COVID-19 vaccines as early as June and could supply as many as 20 million doses by the end of third quarter.

The U.S. drugmaker signed a license agreement with SK Bioscience to produce 40 million doses of its COVID-19 vaccine for South Korea.

FEATURED STORIES

“We would be able to secure vaccines in a more stable manner if domestic production begins, given growing supply uncertainty around the world,” he told a briefing.

South Korea began its inoculation campaign in late February, aiming to reach herd immunity for its 52 million population by November.

The health ministry also said five local companies were aiming to start Phase III trials of their own vaccines later this year – SK Bioscience, EuBiologics Co, Cellid Co, Genexine Inc and GeneOne Life Science.

The government plans to provide 68.7 billion won ($61.1 million) to support the companies’ vaccine development, the ministry said in a statement.

The Korea Disease Control and Prevention Agency (KDCA) reported 587 new COVID-19 cases as of Sunday, marking a slight drop due to fewer tests being carried out over the weekend after the daily tally hovered above 600 for six straight days.

Authorities have reimposed a ban on nightclubs, karaoke bars and other nightly entertainment facilities, effective from Monday, as clusters of the virus continue to emerge from small gatherings, mostly in the greater Seoul area.

Total infections rose to 110,146, with 1,770 deaths.

($1 = 1,125.2100 won)

For more news about the novel coronavirus click here.
What you need to know about Coronavirus.
For more information on COVID-19, call the DOH Hotline: (02) 86517800 local 1149/1150.

The Inquirer Foundation supports our healthcare frontliners and is still accepting cash donations to be deposited at Banco de Oro (BDO) current account #007960018860 or donate through PayMaya using this link .

Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: coronavirus pandemic, COVID-19, COVID-19 Vaccine, Novavax, South korea
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2021 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.