Recently, WestVac Biopharma(here in after referred to as Westvac) announced that it has completed Round A of financing of nearly 300 million yuan, led by Sichuan Development, Shanghai Pharmaceutical, West China Hospital and the team of scientists Funding for scientific and technological achievements, this round of financing was mainly used for production line construction and clinical research development.
VACCINE AND IMMUNOTHERAPY BIOMEDICINE RESEARCH AND DEVELOPMENT MANUFACTURER
Westvac was founded in July 2020 by the West China Hospital of Sichuan University, the vaccine research team and Tianfu International Bio-Town. As a vaccine and immunotherapeutic biomedicine research and development manufacturer, Westvac is mainly engaged in vaccine research and development and immunotherapy biomedicine. It uses insect cells to develop COVID-19 vaccines and introduces coronavirus genes into insect cells. The cells are used as a factory to produce high-quality recombinant vaccines protein.
In August of this year, the recombinant protein COVID-19 vaccine developed by the National Key Laboratory of Biotherapy of West China Medical School has been approved by the National Medical Products Administration for clinical trials. At the same time, the project has received strong support from the Ministry of Science and Technology, the National Health Commission, the National Medical Products Administration, the Ministry of Education and many other domestic scientific research institutions.
At present, there are five main technical routes for global COVID-19 vaccine research and development, including inactivated vaccines, adenovirus vector vaccines, attenuated influenza virus vector vaccines, recombinant protein vaccines and nucleic acid vaccines. Westvac's COVID-19 vaccine is a kind of recombinant protein COVID-19 vaccine. The spike protein receptor binding domain (S-RBD) of SARS-CoV-2 to produce neutralizing antibodies which Westvac’s COVID-19 vaccine targets at could block the virus from infecting human cells.
WHAT IS THE NEXT STEP FOR WESTVAC ?