Shares sink almost 14% as German biotech's shot becomes latest casualty in vaccine race
A CureVac employee demonstrates research on its vaccine for Covid-19 at a laboratory in Tuebingen, Germany, March 12 2020. Picture: REUTERS/ANDREAS GEBERT
CureVac said it would abandon its application for approval from the European Medicines Agency for its first Covid-19 vaccine candidate, CVnCoV, after late-stage trials delivered disappointing results. The earliest potential approval of CVnCoV would have come in the second quarter of 2022, when candidates from the second-generation vaccine programme were expected to progress to late-stage clinical development, CureVac said.
The EU commission did not immediately reply to a request for comment on refunding clauses in the contract. Human trials for its second-generation shot could start in coming months, with any regulatory approval seen in 2022. Animal trials so far showed them to be superior to CureVac’s original Covid-19 vaccine.
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