Sinovac’s shares soared on EV71 vaccine Phase III results
Northern, WI 03/15/2013 (avauncer) - Chinese pharmaceutical firm Sinovac Biotech Ltd.’s (NASDAQ:SVA) shares jumped on the announcement of Enterovirus 71 vaccine late-stage results.
The Company said that the preliminary Phase III result showed that Sinovac’s Enterovirus 71 vaccine was 95.4% effective and safe in preventing hand, foot and mouth disease (HFMD).
The study evaluated the efficacy of the EV71 vaccine in stopping of HFMD caused by one EV71 virus in 6 to 35 months old children. About 2.2% of patients reported serious side effects. However, it was found that the side-effects were not due the vaccine.
Sinovac obtained clinical research approval for its EV71 vaccine candidate in December 2010, and completed Phase I and II clinical trials in 2011. The preliminary Phase I and Phase II results confirmed that EV71 vaccine is safe and effective.
Shares of Sinovac Biotech Ltd. (NASDAQ:SVA) were down by 3.19% and currently trading at $3.64DISCLAIMER: This content is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. - Contact us at support @ avauncer dot com if you have any questions or comments.