Full Press Release Details
Signs Agreement with Bio Farma Indonesia for COVID-19 Vaccine Cooperation
China - August 25, 2020 -- Sinovac Biotech Ltd. (NASDAQ: SVA) ("Sinovac" or the "Company"), a leading
provider of biopharmaceutical products in China, today announced it has signed two agreements in Hainan, China with PT Bio Farma,
a leading biopharmaceutical company in Indonesia, for the supply, local production and technology licensing in respect of the
CoronaVac, Sinovac's inactivated vaccine candidate against COVID-19. The Minister of Foreign Affairs of Indonesia, H.E.
Retno LP Marsudi and Minister of State Owned-Companies of Indonesia, H.E. Erick Thohir witnessed the signing of the two agreements.
said agreements, Sinovac is committed to supply Bio Farma bulk vaccine to enable the latter to produce at least 40 million doses
of CoronaVac in Indonesia before March 2021; after March 2021, Sinovac will continue to supply the required quantity of the bulk
vaccine until the end of 2021.
of the agreements with Bio Farma indicates Sinovac's willingness and commitment to developing and supplying vaccines against
COVID-19for global use at affordable prices. Sinovac recognizes Indonesia as one of the countries where Sinovac will provide the
technology licensing in respect of the CoronaVac to enable local production.
Bio Farma is conducting the Phase III Clinical Trial for Sinovac's CoronaVac in Bandung, Indonesia. This will ensure Indonesia
to have early access of CoronaVac without compromising high safety standards and procedures.
between Sinovac and Bio Farma will not only further the development, production and technology licensing of the COVID-19 vaccine,
but also facilitate the cooperation of the two companies in the future in the biopharmaceutical field.
Biotech Ltd. is a China-based biopharmaceutical company that focuses on the research, development, manufacturing and commercialization
of vaccines that protect against human infectious diseases. Sinovac's product portfolio includes vaccines against enterovirus71
(EV71), hepatitis A and B, seasonal influenza, Quadrivalent Influenza vaccine ("QIV"), H5N1 pandemic influenza (avian
flu), H1N1 influenza (swine flu), varicella vaccine and mumps. Healive, the hepatitis A vaccine manufactured by the Company, has
passed the assessment under WHO prequalification procedures in 2017. The EV71 vaccine, an innovative vaccine developed by Sinovac
against hand foot and mouth disease caused by EV71, was commercialized in China in 2016. In 2009, Sinovac was the first company
worldwide to receive approval for its H1N1 influenza vaccine, which it has supplied to the Chinese Government's vaccination
campaign and stockpiling program. The Company is also the only supplier of the H5N1 pandemic influenza vaccine to the government
stockpiling program. The Company is developing a number of new products including a Sabin-strain inactivated polio vaccine, pneumococcal
polysaccharides vaccine, and a SARS-CoV-2 (commonly referred to as COVID-19) vaccine. Sinovac primarily sells its vaccines in
China, while also exploring growth opportunities in international markets. The Company is registering its products in over 30
countries outside of China. For more information please see the Company's website at www.sinovac.com.
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