Solution Group to supply 3.5 million doses of Covid-19 vaccine to Health Ministry


KUALA LUMPUR: Solution Group Bhd said wholly-owned subsidiary Solution Biologics Sdn Bhd (SolBio) has signed a term sheet agreement with the Ministry of Health (MoH) for the supply of Covid-19 vaccine.

"The term sheet agreement, signed on Jan 29, is to enable SolBio to enter into a definitive supply agreement to supply 3.5 million doses of the Recombinant Ad5-nCoV vaccine," the company said in a filing today.

The vaccine, Solution Group said, was jointly developed by CanSino Biologics Inc and Beijing Institute of Biotechnology, Academy of Military Medical Sciences.

Under the agreement, MoH will purchase 3.5 million vials from SolBio subject to several conditions including the company having obtain the product registration and market authorisation of the vaccine in Malaysia from Drug Control Authority (DCA) by April 2021.

"Barring any unforeseen circumstances, and subject to the execution of the definitive Supply Agreement, and subject to the Vaccine being approved by the DCA, the Term Sheet Agreement is expected to contribute positively to the future earnings and EPS of SGB for the financial year ending Dec 31, 2021," it said.

It was previously reported that Solution Group was building a vaccine fill & finish facility with was targeted for completion in the second quarter of 2021.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3

Solution Group , vaccine , Covid-19 , fill & finish

   

Next In Business News

CMMT's investment mandate expansion gets unitholders' nod
Palm oil ends at over 4-month low on weaker soyoil, sliding demand
Kawan Food suspends factory operations for a week due to Covid-19�
Powerwell wins RM8.8mil supply contract in Bangladesh
FBM KLCI rebounds on stronger buying interest
Citi Malaysia continues repayment help for pandemic-hit customers
Registrations open for 4th Selangor Accelerator Programme
Indonesia aims to sell only electric-powered cars, motorbikes by 2050
Solar PV firm Pekat Group's public offer shares oversubscribed 76 times
AmBank launches fully end-to-end digital onboarding for SMEs

Stories You'll Enjoy


Vouchers