South Korean Covid-19 Vaccine Developer Surges on Market Debut

  • 📰 WSJ
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

A South Korean biotechnology company that is developing a vaccine to fight new strains of Covid-19 jumped on its first day of trading, after concluding Seoul’s biggest initial public offering in nearly four years

.

By midmorning Thursday in Seoul, SK Bioscience Co.’s stock stood at 169,000 won a share, up 160% from its initial public offering price. Investor orders for the IPO topped $56 billion, greatly exceeding the $1.3 billion of shares on offer.such as the B.1.351 variant, which was first identified in South Africa and which has also been detected in the U.S. Emerging data suggests that this variant could be better at evading antibodies.

If trials are successful, SK Bioscience’s Covid-19 vaccine will contribute to a global aim of manufacturing 1 billion doses of second-generation vaccines by the end of next year, according to the Coalition for Epidemic Preparedness Innovations, a global group that is working to accelerate the development of vaccines.

The new vaccine has been funded by the Bill & Melinda Gates Foundation and CEPI. SK Bioscience also has agreements with AstraZeneca PLC and Novavax Inc. to manufacture and distribute their Covid-19 vaccines in South Korea.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

I'm no expert in trading 💹 cryptocurrency but i have made $20000 with just $5000 investment, i had good guidance with Mr Abrantes Rene and his team, it is more than eye 👁‍🗨 opening, with his trading skills i had nothing but continuous success Contact him 👇👇👇👇 abrantesrene

Am so delighted to share this, investing on Bitcoin has been so wonderful with the help of Mr Rene who have been doing all the trading. I invested $5000 and in two weeks I have earned $20,000. Trust me this is the best investment platform, contact the Admin 👇👇👇 abrantesrene

I knew s. Korea can do it. They are amazing country

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 98. in BE

Belgique Dernières Nouvelles, Belgique Actualités