Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024. Which stocks will surge next?Unlock AI-picked Stocks

Sanofi, GSK launch trial for COVID-19 protein-based vaccine

Published 03/09/2020, 06:24
Updated 03/09/2020, 10:26
© Reuters. FILE PHOTO: Sanofi logo is seen at the company's headquarters in Paris, France

By Sudip Kar-Gupta

PARIS (Reuters) - French drugmaker Sanofi (PA:SASY) and Britain's GlaxoSmithKline (L:GSK) said they had started a clinical trial of their protein-based COVID-19 vaccine candidate, and aimed to reach the final testing stage by December.

If the results are conclusive, Sanofi and GSK hope to get the vaccine approved in the first half of next year.

The trial is currently in a "Phase 1/2 study" aimed at evaluating the safety, tolerability and immune response of the vaccine in 440 healthy adults across 11 investigational sites in the United States.

The vaccine candidate uses the same recombinant protein-based technology as one of Sanofi's seasonal influenza vaccines. It will be coupled with an adjuvant, a substance that acts as a booster to the vaccine, made by GSK.

The two companies are scaling up manufacturing in order to be ready to produce up to one billion doses in 2021.

Drugmakers and government agencies worldwide are racing to develop vaccines and treatments for COVID-19, the illness caused by the new coronavirus, which has claimed more than 861,000 lives and crippled economic activity around the globe. (https://tmsnrt.rs/3aIRuz7)

Sanofi and GSK are not the first in the race - several vaccine candidates have already reached the final, wider testing stage known as "Phase 3" - but they believe their respective experience in the fields of vaccines is an advantage.

The French group is also working on another vaccine candidate to prevent COVID-19 with U.S. company Translate Bio (O:TBIO) which will rely on a different technology called mRNA.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

In an interview with Reuters last week, Sanofi's CEO Paul Hudson said readings of preclinical data had increased the group's confidence in its two coronavirus vaccine candidates.

Sanofi and GSK have secured deals for the vaccine-plus-adjuvant with the United States and Britain, and are in advanced talks with the European Union to supply it with up to 300 million doses.

They also plan to supply COVAX, a COVID-19 vaccine and treatment allocation plan co-led by the World Health Organization (WHO) that aims to help buy and fairly distribute shots across the globe.

Earlier this month, Sanofi said a rheumatoid arthritis drug, Kevzara, had failed as a COVID-19 treatment.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.