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Sinovac Reports Unaudited Second Quarter 2011 Financial Results
Date:8/12/2011

ce good immune responses.
  • In June 2011, Sinovac commenced the Phase II clinical trial for its proprietary inactivated EV71 vaccine against hand, foot and mouth disease. The Phase II clinical trial is designed as a single center, randomization, double blinded, and placebo controlled study.  The objective of the Phase II clinical trial is to determine the dosage level by evaluating the immunogenicity and safety with different level of dosages of Sinovac's EV71 vaccine candidate, and to provide reference data for Phase III clinical trial.

  • Dr. Weidong Yin, Chairman, President and CEO of Sinovac, commented, "Demand for our hepatitis vaccines is rebounding in China as demonstrated by our second quarter sales.  We are gaining traction in the public market as we recently received two provincial government orders in additional to our ongoing public market sales activity in Beijing, Shanghai, Tianjin and part of Jiangsu. This shows that our revised sales strategy focused on the public market and restructured sales team is producing favorable results. We will continue to strengthen our efforts in public market presence, and stabilize sales in the private market."

    Dr. Yin continued, "Over the past quarter, we have made substantial progress with our vaccine development pipeline. Our Phase II trial for our EV71 vaccine is progressing on schedule as dosing is underway and is on track to be completed within the year as planned.  We are optimistic about the potential for this vaccine as inquiries are increasing across Asia in the face of the current epidemic in Vietnam.  The registration for animal rabies vaccine is moving forward on schedule, which is anticipated to be launched within the year."

    Dr. Yin continued, "We are excited to obtain the Mexico GMP certificate for our seasonal flu and hepatitis A vaccines.  This is the significant milestone as we advance our global commercialization strategy to register our vaccines.
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    SOURCE Sinovac Biotech Ltd.
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