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Shionogi (4507) to transfer Covid vaccine tech to Vietnam

By Andreas Ismar

03:35, 26 November 2021

People getting Covid vaccine jabs in Ho Chi Minh, Vietnam
People getting Covid vaccine jabs in Ho Chi Minh, Vietnam - Photo: Shutterstock

Japan’s Shionogi will transfer its Covid-19 vaccine manufacturing technology to Vietnam in return for conducting clinical trials in one of the worst hit nations in Southeast Asia.

The 143-year pharmaceutical company has been developing recombinant protein-based vaccine since last year and aiming to be the first Japanese firm to manufacture Covid vaccine. But, the company is facing difficulties in securing mass trials in Japan on the back of low number of cases.

On Thursday, the company has reached an agreement with the Vietnamese government, it said in a statement.

“Regarding COVID-19, which remains a global crisis, the collaboration will include clinical trials of Shionogi’s recombinant protein-based COVID-19 vaccine (S-268019) and its oral therapeutic agent (S-217622) in Vietnam, as well as technology transfer for the manufacture of S268019 in Vietnam.”


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Also developing Covid drug

Aside from vaccine, Shionogi is also developing a medicine for novel coronavirus. It has started the clinical trial for the drug in Japan in September and will roll-out trials in Vietnam, Singapore, South Korea and UK.

The company is aiming to test the medicine on up to 2,000 people and submitting approval request to the government by the end of the year.

Shionogi is expecting its Covid vaccine to received government approval by March 2022. In early trade in Tokyo, the firm’s stock fell 3.2% at JPY8,027, reversing Thursday’s 3.1% gain.

Read more: Vaccine makers appear to get boost from distribution plans

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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