Walvax Biotechnology Co., Ltd (SHE: 300142), a biopharmaceutical company based in China, has announced the termination of clinical studies for its recombinant COVID-19 vaccine (CHO cell) and recombinant COVID-19 variant vaccine (CHO cell), due to the assessment of low economic and social benefits. The vaccines were approved for clinical trials in China in June 2021 and August 2022, respectively, and were sponsored by the Coalition for Epidemic Preparedness Innovations (CEPI), a Norway-based NGO. Walvax Bio will be in discussions with CEPI for the final cancellation of the funds provided.- Flcube.com
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