Sanofi To Manufacture 125 Million COVID-19 Vaccine Doses For Rival Pfizer-BioNTech

  • French drug maker Sanofi SA SNY will manufacture 125 million doses of the COVID-19 vaccine co-developed by Pfizer Inc PFE and BioNTech SE BNTX in its Frankfurt plant starting this summer.
  • As Sanofi’s COVID-19 vaccine faces delays, the French government has been pressing the company to use its facilities to manufacture vaccines from rival drug makers due to high demand.
  • The financial terms of the deal were not disclosed.
  • “We are very conscious that the earlier vaccine doses are available, the more lives can potentially be saved,” Sanofi CEO Paul Hudson said.
  • The phase 2 trials of Sanofi’s COVID-19 vaccine developed in partnership with British drug maker GlaxoSmithKline plc GSK will begin next month.
  • In December, Sanofi and Glaxo said that their COVID-19 vaccine would not be available until late 2021 after trials showed that the vaccine produced an “insufficient” immune response in people over 60.
  • SNY shares are up 0.77% at $49.53 in the pre-market session.
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Posted In: BiotechNewsGeneralCovid-19COVID-19 Vaccine
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