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Sinopharm Group

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Not to be confused with Sinopharm, the short name of the parent company China National Pharmaceutical Group.
Sinopharm Group
Company typepublic
unlisted(A share)
SEHK: 1099(H share)
ISINCNE100000FN7
IndustryPharmaceutical
Founded
  • 1998 (predecessor)
  • 2003
FounderChina National Pharmaceutical Group
HeadquartersSinopharm Plaza,
Shanghai
,
China
Area served
China
Key people
  • Wei Yulin (Chairman)
  • Chen Qiyu (Vice-Chairman)
  • Li Zhiming (President)
RevenueIncrease CN¥227.069 billion (2015)
Increase CN¥9.169 billion (2015)
Increase CN¥3.761 billion (2015)
Total assetsIncrease CN¥138.267 billion (2015)
Total equityIncrease CN¥30.052 billion (2015)
OwnerSinopharm Industrial Investment (56.79%)
ParentSinopharm Industrial Investment
SubsidiariesSinopharm CNMC
Footnotes / references
in a consolidated basis; equity and profit excluded minority interests; in Hong Kong Financial Reporting Standards[1]
Sinopharm Group Co., Ltd.
Simplified Chinese国药控股股份有限公司
Traditional Chinese國藥控股股份有限公司
Literal meaningSinopharm Holding Joint-Stock Limited Company
Transcriptions
Sinopharm Group
Simplified Chinese国药控股
Traditional Chinese國藥控股
Literal meaningSinopharm Holding
Transcriptions
Second alternative Chinese name
Simplified Chinese国控股份有限公司
Traditional Chinese國控股份有限公司
Transcriptions

Sinopharm Group Co., Ltd. is a Chinese pharmaceutical company. The parent company of Sinopharm Group was Sinopharm Industrial Investment, a 51–49 joint venture of state-owned enterprise China National Pharmaceutical Group and civilian-run enterprise Fosun Pharmaceutical.

Sinopharm Group researches and develops, manufactures, distributes, and markets medicine and other healthcare products.[2] Sinopharm Group manages factories, research laboratories, traditional Chinese medicine plantations, and marketing and distribution networks that extend throughout China.

Its H shares were listed on the Hong Kong Stock Exchange in 2009,[3] with its IPO price of HK$16 per share. Sinopharm Group's subsidiary Sinopharm CNMC and Sinopharm Accord served as the A share counterpart of the company. However, the A share of Sinopharm Group itself was unlisted.

Sinopharm Group was ranked 829th in 2016 Forbes Global 2000 list.[4]

COVID-19 Vaccine development

Main article: BBIBP-CorV
See also: COVID-19 vaccine § Clinical trials started in 2020

BBIBP-CorV is one of two inactivated virus COVID-19 vaccine being developed by Sinopharm's parent company China National Pharmaceutical Group. As of December 2020, it is currently in Phase III trials in Argentina,[5] Bahrain,[6] Egypt,[7] Jordan,[8] Morocco,[9] Pakistan,[10] Peru,[11] and United Arab Emirates[12] with over 60,000 people.[13] On December 9, the UAE announced the official registration of BBICP-CorV after an interim analysis of the Phase III trials showed BBIBP-CorV to have a 86% efficacy against COVID-19 infection.[14]

Sinopharm's vaccine has emergency use authorization in Bahrain[15] and UAE.[16] BIBP-CorV could become a favorable option to vaccinate large parts of the developing world. While mRNA vaccines like BNT162b2 and MRNA-1273 showed higher efficacy of +90%, those present distribution challenges for some nations as they require deep-freeze facilities and trucks. BIBP-CorV could be transported and stored at normal refrigerated temperatures.[17]

See also

References

  1. ^ "2015 Annual Report" (PDF). Sinopharm Group. Hong Kong Stock Exchange. 25 April 2016. Retrieved 22 November 2016.
  2. ^ "Sinopharm Group Co. Ltd.: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2017-07-27.
  3. ^ Reuters Staff (2009-07-29). "China's Sinopharm gets OK for $1 bln HK IPO". Reuters. Retrieved 2020-11-14. {{cite news}}: |author= has generic name (help)
  4. ^ "Sinopharm Group". Forbes. Retrieved 2020-11-14.
  5. ^ "Clinical Trial to Evaluate the Efficacy, Immunogenicity and Safety of the Inactivated SARS-CoV-2 Vaccine (COVID-19) - Full Text View - ClinicalTrials.gov". clinicaltrials.gov. Retrieved 2020-12-13.
  6. ^ Barrington, Lisa (2020-11-03). "Bahrain latest country to vaccinate frontline workers with COVID-19 shot". Reuters. Retrieved 2020-12-13.
  7. ^ "Egypt to start receiving volunteers for COVID-19 vaccine trials". Egypt Independent. 2020-09-12. Retrieved 2020-12-13.
  8. ^ "Jordan starts phase 3 trial of China's COVID-19 vaccine". Jordan Times. 2020-08-30. Retrieved 2020-12-13.
  9. ^ "Morocco orders R-Pharm Covid-19 vaccine | The North Africa Post". northafricapost.com. Retrieved 2020-10-07.
  10. ^ "Coronavirus vaccine should be available in Pakistan 'within 6-8 weeks'". www.geo.tv. Retrieved 2020-12-13.
  11. ^ PERÚ, Empresa Peruana de Servicios Editoriales S. A. EDITORA. "Peru: 6,000 additional volunteers required for trials of Sinopharm's COVID-19 vaccine". andina.pe (in Spanish). Retrieved 2020-12-13.
  12. ^ "Coronavirus: 15,000 register as volunteers for Covid-19 vaccine trial in UAE". The National. Retrieved 2020-12-13.
  13. ^ Reuters Staff (2020-11-19). "China Sinopharm's coronavirus vaccine taken by about a million people in emergency use". Reuters. Retrieved 2020-12-09. {{cite news}}: |author= has generic name (help)
  14. ^ "UAE: Ministry of Health announces 86 per cent vaccine efficacy". gulfnews.com. Retrieved 2020-12-13.
  15. ^ Barrington, Lisa (3 November 2020). "Bahrain allows Sinopharm COVID-19 vaccine candidate use in frontline workers". Reuters. Retrieved 3 November 2020.
  16. ^ Maxwell, Chris. "Coronavirus: UAE authorises emergency use of vaccine for frontline workers". The National. Retrieved 14 September 2020.
  17. ^ "China State-Backed Covid Vaccine Has 86% Efficacy, UAE Says". Bloomberg.com. 2020-12-09. Retrieved 2020-12-09.
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