Breaking News
Black Friday SALE: Up to 54% off InvestingPro! Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Sanofi to invest in mRNA vaccines development

WorldJun 29, 2021 10:26AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: The logo of Sanofi is seen at the company's headquarters in Paris, France, April 24, 2020. REUTERS/Charles Platiau

(Makes clear investment figure is annual sum)

PARIS (Reuters) -Sanofi will invest about 400 million euros ($476 million) annually in research and development of next-generation vaccines using mRNA technologies, which proved their efficiency in the Pfizer (NYSE:PFE) and Moderna (NASDAQ:MRNA) COVID-19 jabs.

Sanofi (NASDAQ:SNY) added on Tuesday that its "mRNA Center of Excellence" will bring together around 400 employees based at existing sites close to Lyon in southern France and in Cambridge, Massachusetts. It is expected to produce a minimum of six clinical candidates by 2025.

"During the COVID-19 pandemic, mRNA technologies demonstrated potential to deliver new vaccines faster than ever before", said Jean-Francois Toussaint, global head of R&D at Sanofi Pasteur, the company's vaccines division.

"However, key areas of innovation such as thermostability and tolerability improvements will be critical to unlock the applications of mRNA in routine vaccination against a broader set of infectious diseases and across all ages," he added.

The French drug company and its British counterpart GlaxoSmithKline (NYSE:GSK) disappointed investors and customers late last year when they announced a one-year delay to the launch of their joint COVID vaccine, based on a more conventional technology.

Sanofi has since pledged to help Pfizer and Moderna manufacture COVID-19 shots in an effort to help meet the huge demand for the U.S. drugmaker's doses.

The mRNA technology has proven both effective and safe so far in the vaccine response to COVID-19, including in response to the virus' variants.

The latest one, the Delta variant first found in India, is spreading at a fast rate around the world, prompting governments to accelerate their vaccinations programs.

French Health Minister Oliver Veran said on Tuesday that the Delta variant represented some 20 percent of COVID cases in France.

Sanofi is also working on a mRNA COVID-19 vaccine candidate with U.S. company Translate Bio (NASDAQ:TBIO), for which it has started clinical trials.

The two groups, which have been collaborating since 2018, have also started a Phase I clinical trial earlier this year evaluating an mRNA-based investigational vaccine against seasonal influenza.

Last month, Sanofi and GlaxoSmithKline launched a late-stage human trial for their COVID-19 vaccine candidate, which they hope to get approved by the end of 2021.

($1 = 0.8397 euros)

Sanofi to invest in mRNA vaccines development
 

Related Articles

COVID-19 fears reappear as a threat to market
COVID-19 fears reappear as a threat to market By Reuters - Nov 28, 2021

By Saqib Iqbal Ahmed NEW YORK (Reuters) -COVID-19 has resurfaced as a worry for investors and a potential driver of big market moves after a new variant triggered alarm, long...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email