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Cryptocurrencies: 5,975
Markets: 545
Marketcap: $ 554.72 B
24h Vol: $ 101.34 B
BTC Dominance: 61.24%

[ZEROHEDGE] Beijing Faces Extreme Pressure To Publish Promising COVID-19 Vaccine Data

Zero Hedge

Beijing Faces Extreme Pressure To Publish Promising COVID-19 Vaccine Data

Tyler Durden

Thu, 11/12/2020 – 19:00

News about Brazilian regulators’ decision to halt a Phase 3 Sinovac trial amid rumors that a patient had died under questionable circumstances heaped more humiliation on Beijing this month, adding insult to injury after Pfizer unveiled the first “extremely promising” headline immunity data for its mRNA vaccine, snagging a “win” in the race for the West.

Just weeks ago, Beijing may have indulged in some schadenfraude as AstraZeneca’s partnership with Oxford finally got its trial in the US back up and running after a month-plus delay. But now the shoe was on the other foot.

Though the Brazil trial was reinstated within two days, it allowed Brazilian President Jair Bolsonaro to declare “victory” by appearing to validate his persistent questioning of the Chinese vaccination effort. His comments have no doubt become a problem for Beijing, which must secure the trust of partner nations in the developing world to develop markets for the vaccines its producing for the virus it helped to unleash.

Even Russia has produced data showing the Gameleya Institute vaccine is “92% effective”. As Reuters pointed out in a piece published Thursday, Beijing needs a win on the vaccine front.

“As China continues to push its own vaccines through the final stage of clinical trial in the midst of Pfizer’s announcement, the need for Beijing to address public perception about its vaccine safety issues is more pressing now than ever,” said Xiaoqing Lu Boynton, a consultant at Albright Stonebridge Group who focuses on health care and life sciences.

Reporters for Reuters have detailed a “”vaccine web” illustrating various markets where Chinese vaccine makers have agreements to test, and market, their vaccines, provided they’re approved by domestic regulators.

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