VBI Vaccines Inc. VBIV introduced an replace on the progress of its two vaccine candidates for COVI
VBI Vaccines Inc. VBIV introduced an replace on the progress of its two vaccine candidates for COVID-19. The primary one, VBI-2901, is a trivalent pan-coronavirus vaccine candidate expressing the SARS-CoV-2 (COVID-19), SARS-CoV (SARS) and MERS-CoV (MERS) spike proteins whereas the second, VBI-2902, is a monovalent vaccine candidate expressing the SARS-CoV-2 spike protein.
In a preclinical hamster problem examine, VBI-2902, demonstrated strong immunogenicity and efficacy in comparison with placebo.
The corporate expects to provoke the primary section I/II examine of VBI-2902 in Canada within the first quarter of 2021. The scientific examine protocol has beforehand been positively reviewed by Well being Canada.
In the meantime, work is ongoing to additional optimize and manufacture the corporate’s pan-coronavirus vaccine candidate, VBI-2901. The corporate expects to start a section I/II examine later in 2021.
We word that the corporate was awarded as much as CAD$56 million by the Strategic Innovation Fund of the Authorities of Canada, to be paid as retrospective reimbursement for eligible bills incurred to assist these research.
VBI Vaccines’ shares have skyrocketed 104.8% previously yr in contrast with the trade’s progress of 12.7%.
VBI’s 3-antigen hepatitis B vaccine, Sci-B-Vac, is authorised to be used and commercially accessible in Israel. The vaccine just lately accomplished its section III program in america, Europe and Canada. The corporate additionally has an immunotherapeutic in growth for a practical remedy of continual hepatitis B. VBI’s lead enveloped virus-like particle (eVLP) packages embody a vaccine immunotherapeutic candidate focusing on glioblastoma (GBM), a prophylactic cytomegalovirus (CMV) vaccine candidate and a prophylactic coronavirus vaccine program.
Given the alarming ranges of unfold and an pressing want for a vaccine, the FDA granted emergency use authorization (EUA) to Pfizer PFE/BioNTech’s BNTX mRNA-based vaccine, BNT162b2, towards COVID-19 in people 16 years of age or older. The company has additionally granted EUA to Moderna’s MRNA COVID-19 vaccine, mRNA-1273, in people 18 years of age or older.
VBI Vaccine presently carries a Zacks Rank #3 (Maintain). You may see the entire checklist of right now’s Zacks #1 Rank (Sturdy Purchase) shares right here.
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