Business

German chemicals giant Bayer to produce Curevac vaccine

Company aims to produce 160 million doses in the first 12 months of next year

Updated 5 years ago · Published on 02 Feb 2021 6:30PM

German chemicals giant Bayer to produce Curevac vaccine
German pharmaceuticals company CureVac says it will also produce several hundred million doses of its own vaccine by the end of 2021– Twitter pic, February 2, 2021 

BERLIN – Chemicals giant Bayer announced yesterday it will produce from 2022 a coronavirus vaccine that fellow German pharmaceuticals company CureVac is developing.

“I am happy to tell you that we have the necessary capacities to produce CureVac’s mRNA-based vaccine,” Bayer’s head of pharmaceuticals Stefan Oelrich told reporters.

He added that the company aimed to produce 160 million doses in the first 12 months. 

The announcement came hours before German political leaders and vaccine makers were to meet amid ongoing frustration over the European Union’s sluggish inoculation campaign.

“Our discussions with the government have made it clear that vaccine availability must be increased,” said Oelrich, on a call alongside German health minister Jens Spahn.

While Bayer had no experience producing vaccines, the company did offer “strong know-how in the development of biotech products”, he added.

CureVac’s mRNA vaccine is yet to receive the green light from regulators, but health minister Spahn said yesterday it was “on its way to approval in the coming weeks”.

CureVac began the final Phase III trials of its vaccine candidate in mid-December, involving more than 35,000 volunteers in Europe and Latin America.

CureVac chief executive officer  Franz-Werner Haas said his company would also produce several hundred million doses of its own vaccine by the end of 2021. 

The German government in June took a 23% stake in the company for €300 million (RM1.49 billion). It also provided a €252 million grant for coronavirus research.

CureVac made international headlines in March when rumours surfaced that then US president Donald Trump wanted exclusive US access to its coronavirus vaccine, a claim both sides denied. – AFP, February 2, 2021

Related News

Culture & Lifestyle / 1y

Malaysian quartet drive VWs in road trip to Germany

Business / 2y

Malaysia secures RM46 billion potential investments from trade and investment mission to Germany, France

Malaysia / 2y

PM Anwar credits public services teamwork for Germany visit's remarkable success

Malaysia / 2y

Anwar touts RM45.4 bil in potential investment during Germany trip

Malaysia / 2y

Malaysia and Germany call for lasting ceasefire in Gaza

Malaysia / 2y

Israel-Palestine: PM Anwar urges Germany to use influence to press for ceasefire

Spotlight

Malaysia

Bersatu-PH tie-up a possibility as coalition seeks Malay support, analyst says

By Alfian Z.M. Tahir

Malaysia

Woman molested on her way home from work (video)

Malaysia

Court allows Daim's daughter to permanently keep passport

Malaysia

Santiago pokes holes in data centre hype, asks: Who really benefits?

By Alfian Z.M. Tahir

Malaysia

Jeweller vows to pursue Rosmah until ‘every penny’ is recovered as RM67.5m battle enters enforcement phase

Malaysia

Ambulance carrying two injured men crashes en route to hospital after MPV collision in Besut

Malaysia

Man blames 'lack of love' for sexual assault on teens

Business

BNM's OPR to stay at 2.75 pcent in 2026 amid strong domestic demand - Kenanga IB

Malaysia

Missing jewellery: Rosmah ordered to pay RM67.5 million

You may be interested

Business

Open fibre sues Bank Pembangunan, six others in RM2b claim over Aries telecoms liquidation

Business

Kami Builders secure RM300 million ASEAN sustainability sukuk, channels Islamic capital into QIU campus development

Business

Unemployment rate rises to 3.0 per cent in April 2026 - DOSM

Business

Ringgit holds firm despite US inflation shock as markets brace for Federal Reserve decision

Business

Ringgit holds firm against major currencies as markets await key US inflation data

Business

BNM's OPR to stay at 2.75 pcent in 2026 amid strong domestic demand - Kenanga IB

Business

AI should support human thinking, not replace it - MDEC CEO