In the deal with Fosun, the two companies will work jointly on the development of BNT162 in China. The companies will collaborate to conduct clinical trials in China, using Fosun’s entrenched capabilities in that market to advance things along. If the vaccine gains approval, Fosun will commercialize the vaccine in China and BioNTech will retain full rights to develop and commercialize the vaccine in the rest of the world. BioNTech plans to manufacture the vaccine for clinical trials along with its partner Polymun and is preparing to ramp up production for global supply.

Sahin said the collaboration with Fosun is an important step in the global effort to prevent COVID-19 infection. While the number of cases of COVID-19 has slowed somewhat in China, according to reports, infection rates continue to rise across the globe, particularly in Iran and Italy. According to the Johns Hopkins coronavirus tracking map, there are now 169,387 confirmed global cases of COVID-19 and 6,513 deaths. The number of patients who have recovered from the virus stands at 77,257, as of this morning.
“In the deal with Fosun, the two companies will work jointly on the development of BNT162 in China. The companies will collaborate to conduct clinical trials in China, using Fosun’s entrenched capabilities in that market to advance things along. If the vaccine gains approval, Fosun will commercialize the vaccine in China and BioNTech will retain full rights to develop and commercialize the vaccine in the rest of the world. BioNTech plans to manufacture the vaccine for clinical trials along with its partner Polymun and is preparing to ramp up production for global supply.” Continue reading →