Home Business Two senior managers from one of China’s top vaccine companies have resigned

Two senior managers from one of China’s top vaccine companies have resigned

Two senior managers from one of China's top vaccine companies have resigned

A health worker shows a dose of China’s Sinopharm Covid-19 vaccine at a vaccination center in the Jordanian capital Amman on January 13, 2021.

Khalil Mazraawi | AFP | Getty Images

BEIJING — Sinopharm, a state-owned giant in China’s coronavirus vaccine development, announced its chairman left the board Tuesday.

The company cited personal reasons for Li Zhiming’s resignation, according to a filing for the Hong Kong-listed company. Li Hui, a director and audit committee member of Sinopharm subsidiary China National Medicines Corp. also resigned Tuesday due to personal reasons, a separate filing disclosed.

In late December, Chinese authorities approved a vaccine developed by a Beijing-based subsidiary of Sinopharm for general launch. The company said the vaccine had efficacy of 79.34% after a phase three test, according to state media.

Earlier in December, the United Arab Emirates said the vaccine was 86% effective.

There was no direct indication the resignations came as a result of vaccine-related work. The company did not immediately respond to CNBC’s emailed request for comment.

Different countries have released varying results about the efficacy of a coronavirus vaccine from another Chinese company, Sinovac.

A WHO team is working with producers of Covid-19 vaccines from Chinese pharmaceutical companies Sinovac and Sinopharm “to assess compliance with international quality manufacturing practices ahead of potential emergency use listing by WHO,” WHO director-general Tedros Adhanom Ghebreyesus, said earlier this week.

This article is auto-generated by Algorithm Source: www.cnbc.com

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