CanSino has yet to kick off critical final\u002Dstage trials on the vaccine it developed with Canadian technology
Chinese customs hasn’t approved shipments of CanSino’s vaccine to Canada, the National Research Council of Canada said in a Aug. 26 email. The development appears to be part of a pattern of retribution against Canada since it arrested Meng Wanzhou, the chief financial officer of Chinese telecom giant Huawei Technologies Co., on a U.S. handover request in December 2018. In recent months the relationship between the two countries has only worsened.
In a Hong Kong Stock Exchange filing it said it hadn’t started enrolling participants for Phase III trials as of Aug. 18. In another Aug. 27 statement it said the collaboration between the National Research Council of Canada and the company wasn’t terminated. After hitting all time high of HK$271.4 on July 31, CanSino’s stock went on a steady decline in August, shedding nearly 40 per cent, as news emerged that the vials it was supposed to ship to Canada for trial never left China. The stock is still up about 170 per cent since the beginning of this year.
“Of all the data that I’ve seen of companies that have published human stage data, I would say CanSino was one that I would be most nervous about the Phase III,” Loncar said, “The antibody levels in general, when you compare them to what other companies have put out there, like Moderna and Pfizer/BioNTech and even from the other Chinese vaccinemakers like Sinovac and Sinopharm, I just think that the data hasn’t validated CanSino’s position as a frontrunner.
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