Sinovac Receives China's First Influenza A (H1N1) Vaccine Order
19 Junho 2009 - 11:00AM
PR Newswire (US)
BEIJING, June 19 /PRNewswire-Asia/ -- Sinovac Biotech Ltd. (NYSE
Amex: SVA), a leading developer and provider of vaccines in China,
announced today that the Company received the first order in China
to supply its influenza A (H1N1) vaccine to the Beijing government.
The initial order consists of 4 million doses and is expected to be
delivered by the end of September. This order will be administered
to 2 million people in the high risk group. Additional orders are
expected beginning in October and, in total, Sinovac expects to
supply approximately 10 million doses to the Beijing government.
The 10 million doses will be administered to 5 million people in
Beijing. On June 14, 2009, Sinovac completed construction of the
H1N1 virus seed bank necessary to produce a virus antigen and
commenced production of the first batch of H1N1 vaccine. Sinovac
expects to complete production of the first batch by the end of
July. Mr. Weidong Yin, Chairman, President and CEO of Sinovac,
commented, "We are organizing and coordinating all personnel and
resources to produce the H1N1 vaccine, as we have almost completed
the production of our seasonal influenza vaccine. With the support
and instruction of the relevant government and health authorities,
Sinovac will fully utilize its proven development and production
abilities from both the H5N1 vaccine and seasonal flu vaccine to
ensure the efficient production of the H1N1 vaccine. We are working
closely with authorities in order to contribute to the prevention
and control of the H1N1 epidemic situation." About Sinovac Sinovac
Biotech Ltd. is a China-based biopharmaceutical company that
focuses on the research, development, manufacture and
commercialization of vaccines that protect against human infectious
diseases. Sinovac's vaccine products include Healive(R) (hepatitis
A), Bilive(R) (combined hepatitis A and B), and Anflu(R)
(influenza). Panflu(TM), Sinovac's pandemic influenza vaccine
(H5N1), has already been approved for government stockpiling.
Sinovac is developing vaccines for enterovirus 71, universal
pandemic influenza, Japanese encephalitis vaccine, and human rabies
vaccine. Its wholly owned subsidiary, Tangshan Yian, is conducting
field trials for independently developed inactivated animal rabies
vaccines. Safe Harbor Statement This announcement contains
forward-looking statements. These statements are made under the
"safe harbor" provisions of the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by words or phrases such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes,"
"estimates" and similar statements. Among other things, the
business outlook and quotations from management in this press
release contain forward-looking statements. Statements that are not
historical facts, including statements about Sinovac's beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
important factors could cause actual results to differ materially
from those contained in any forward-looking statement. Sinovac does
not undertake any obligation to update any forward-looking
statement, except as required under applicable law. For more
information, please contact: Helen G. Yang Sinovac Biotech Ltd.
Tel: +86-10-8289-0088 x9871 Fax: +86-10-6296-6910 Email: Investors:
Amy Glynn/Sara Pellegrino The Ruth Group Tel: +1-646-536-7023/7002
Email: Media: Janine McCargo The Ruth Group Tel: +1-656-536-7033
Email: DATASOURCE: Sinovac Biotech Ltd. CONTACT: Helen G. Yang of
Sinovac Biotech Ltd., +86-10-8289-0088 x9871, fax: +86-10-6296-6910
or ; or Investors: Amy Glynn & Sara Pellegrino of The Ruth
Group at +1-646-536-7023 & 7002 or & ; Or Media: Janine
McCargo of The Ruth Group, +1-656-536-7033 or
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