AIRLINK 79.41 Increased By ▲ 1.02 (1.3%)
BOP 5.33 Decreased By ▼ -0.01 (-0.19%)
CNERGY 4.38 Increased By ▲ 0.05 (1.15%)
DFML 33.19 Increased By ▲ 2.32 (7.52%)
DGKC 76.87 Decreased By ▼ -1.64 (-2.09%)
FCCL 20.53 Decreased By ▼ -0.05 (-0.24%)
FFBL 31.40 Decreased By ▼ -0.90 (-2.79%)
FFL 9.85 Decreased By ▼ -0.37 (-3.62%)
GGL 10.25 Decreased By ▼ -0.04 (-0.39%)
HBL 117.93 Decreased By ▼ -0.57 (-0.48%)
HUBC 134.10 Decreased By ▼ -1.00 (-0.74%)
HUMNL 7.00 Increased By ▲ 0.13 (1.89%)
KEL 4.67 Increased By ▲ 0.50 (11.99%)
KOSM 4.74 Increased By ▲ 0.01 (0.21%)
MLCF 37.44 Decreased By ▼ -1.23 (-3.18%)
OGDC 136.70 Increased By ▲ 1.85 (1.37%)
PAEL 23.15 Decreased By ▼ -0.25 (-1.07%)
PIAA 26.55 Decreased By ▼ -0.09 (-0.34%)
PIBTL 7.00 Decreased By ▼ -0.02 (-0.28%)
PPL 113.75 Increased By ▲ 0.30 (0.26%)
PRL 27.52 Decreased By ▼ -0.21 (-0.76%)
PTC 14.75 Increased By ▲ 0.15 (1.03%)
SEARL 57.20 Increased By ▲ 0.70 (1.24%)
SNGP 67.50 Increased By ▲ 1.20 (1.81%)
SSGC 11.09 Increased By ▲ 0.15 (1.37%)
TELE 9.23 Increased By ▲ 0.08 (0.87%)
TPLP 11.56 Decreased By ▼ -0.11 (-0.94%)
TRG 72.10 Increased By ▲ 0.67 (0.94%)
UNITY 24.82 Increased By ▲ 0.31 (1.26%)
WTL 1.40 Increased By ▲ 0.07 (5.26%)
BR100 7,526 Increased By 32.9 (0.44%)
BR30 24,650 Increased By 91.4 (0.37%)
KSE100 71,971 Decreased By -80.5 (-0.11%)
KSE30 23,749 Decreased By -58.8 (-0.25%)
Business & Finance

Sanofi 'proud' to help make rivals' vaccines

  • The jabs would be ready from the middle of the year and be distributed in the European Union, he said.
Published January 27, 2021

PARIS: French pharma group Sanofi is "proud" of the solidarity it has shown in agreeing to help produce 125 million doses of the Covid-19 vaccine developed by rivals Pfizer-BioNTech, a senior executive said Wednesday.

Sanofi announced on Tuesday that it will use its factory in Frankfurt, Germany, for a rare act of cooperation in an industry usually marked by cut-throat competition.

After its own vaccine candidate based on an existing flu jab failed to produce results in December, the group began looking at how it could work with competitors, head of Sanofi France Olivier Bogillot said.

"We looked at how we could show solidarity," he told RTL radio, adding: "When you look at the technological and industrial capacities of Sanofi, our expertise, I'm very proud that Sanofi has made this choice."

The jabs would be ready from the middle of the year and be distributed in the European Union, he said.

The group has been fiercely criticised by some politicians in France over planned job cuts, while others have expressed dismay over the country's failure to produce its own Covid-19 vaccine.

The Paris-based Pasteur Institute announced on Monday that its vaccine candidate based on a measles jab had also been abandoned.

Bogillot said that talk of France's scientific "decline" was overblown and that Sanofi was continuing to develop another two vaccine candidates.

"There are 200 to 250 groups of researchers working on a vaccine and there were maybe 300 at the start. Around 10 percent of them will manage to produce a vaccine," he explained.

"Sanofi will be among this 10 percent and maybe we'll have two."

Bogillot also said that the European Union had fallen behind the United States, China and neighbour Britain.

"Europe has fallen behind on life sciences. This crisis shows how life sciences, biology and biotechnology are a strategic sector," he said.

"We need more public and private investment... France has everything going for it to succeed."

Comments

Comments are closed.