Business

Kanger gets Science Ministry’s green light to buy Covid-19 vaccine

Company aims to venture into distribution of China's Sinopharm supplies

Updated 5 years ago · Published on 23 Nov 2020 2:51PM

Kanger gets Science Ministry’s green light to buy Covid-19 vaccine
Sinopharm has two Covid-19 vaccines in phase three trials, which is the final stage before being approved for general use. – November 23, 2020

KUALA LUMPUR – Kanger International Bhd (Kanger) said it has received support from the Science, Technology and Innovation Ministry to purchase Covid-19 vaccines for private sector use in Malaysia.

In a statement today, the company said the National Institutes of Biotechnology Malaysia (NIBM) – an agency under the ministry – has no objections to the company liaising with the China National Pharmaceutical Group Corp (Sinopharm) on the purchase of its vaccines.

“As countries around the world work towards securing Covid-19 vaccine supplies, it is necessary for both the public and private sector to join efforts.

“Just recently, Malaysia and China's governments signed an agreement to foster greater collaboration in combating the Covid-19 pandemic, which includes cooperation in vaccine research and development (R&D) and supply,” said Kanger executive director Steven Kuah Choon Ching.

He said the company is pleased to receive support from the ministry and NIBM as it demonstrates the government’s commitment in exploring all avenues to ensure Malaysians gain access to the vaccines.

On September 29, Kanger announced that it aims to venture into the distribution of Covid-19 vaccines and had signed a collaboration agreement with Sinopharm Group Hunan Changde Medical Co Ltd, a subsidiary of Sinopharm, for the distribution of the vaccines.

Sinopharm, a Chinese state-owned enterprise, is the largest and oldest biotech company in China.

It has two Covid-19 vaccines already in phase three trials, which is the final stage before being approved for general use in more than 10 countries. – Bernama, November 23, 2020

Related News

Malaysia / 3mth

Covid-19 cases in Malaysia stable, no deaths recorded this year – MOH

Malaysia / 6mth

Bad move to channel EPF dividends into Account 3 for festive withdrawals, cautions economist

Opinion / 10mth

A tale of two administrations: How Warisan and GRS shaped Sabah’s future

Malaysia / 1y

Sabah woman unvaccinated during Covid-19 sues authorities for loss of income, emotional distress

Malaysia / 1y

MOH closely monitoring Covid-19 amid rising cases in neighbouring countries

Opinion / 1y

The Trump dilemma and reclaiming balance: The urgent need for fair global trade

Spotlight

Malaysia

Elderly man admits to hitting neighbour with iron rod

Malaysia

Body found at KLIA2 in tyre storage compartment of aircraft from Japan

Malaysia

Factory operator faces rape, unnatural sex charges involving polytechnic student

Malaysia

Ismail Sabri granted RM300k bail after pleading not guilty to asset declaration charge

By Alfian Z.M. Tahir

Malaysia

Sunway Lagoon ride halted as safety probe seeks to protect public - DOSH

Malaysia

Malaysia ready to deploy military expertise for Nepal flood relief, says Defence Minister

Malaysia

Violence in Thailand: Visitors drop by almost 50 per cent

By Ian McIntyre

You may be interested

Business

Robo.ai Inc announces appointment of new independent director

By Alfian Z.M. Tahir

Business

Oil falls for fourth day as Hormuz supply fears ease

Business

Moves in major US stock indices could spill into currency and gold markets

By Alfian Z.M. Tahir

Business

Oil slides as Iran-Oman Hormuz talks raise hopes of easing tensions

Business

K8 Cargo: Company still in limbo, claims CEO

Business

Asia-Pacific growth set to slow as tariffs, geopolitical risks raise economic pressure