A Chinese Covid-19 vaccine could be ready by the end of the year, a government body has announced as nations race to be the first to come up with a defense against the virus that has infected nearly 6 million people and wrecked the world economy.
A vaccine developed by two state-affiliated companies working in tandem has the potential to be ready by the tail end of 2020 or by early 2021, according to a social media post made Friday from the Chinese state-owned Assets Supervision and Administration Commission (SASAC).
The two firms, the Wuhan Institute of Biological Products and the Beijing Institute of Biological Products, have embarked on Phase II testing for the vaccines and administered doses to more than 2,000 people during trials, according to Reuters.
According to the SASAC, the Beijing Institute of Biological Products production line will be able to manufacture between 100 million and 120 million vaccine doses per year at full capacity.
There are five Chinese-developed immunizations being tested on humans, more than any other country in the world.