The Shenzhen-based company must have capacity to produce at least 200 million doses by the end of next year as part of the exclusive framework agreement, its statement on the Chinese social media site WeChat said.The two companies will also explore the possibility of cooperation on the vaccine candidate in other markets, AstraZeneca said.They did not respond to requests for further comment.There are no approved vaccines for COVID-19, the highly contagious respiratory illness caused by the coronavirus. Topics : Shenzhen Kangtai Biological Products will produce AstraZeneca Plc’s potential COVID-19 vaccine in mainland China, the British drugmaker said on Thursday, its first deal to supply one of the world’s most populous countries.The deal underscores Astra’s frontrunner position in a global race to deliver an effective vaccine, given that Chinese ventures are leading at least eight of the 26 global vaccine development projects currently testing on humans.Under the agreement Shenzhen Kangtai, one of China’s top vaccine makers, will ensure it has annual production capacity of at least 100 million doses of the experimental shot AZD1222, which AstraZeneca co-developed with researchers at Oxford University, by the end of this year, AstraZeneca said. AstraZeneca has signed manufacturing deals globally including the United States, Britain, South Korea and Brazil, resulting in a target to make more than 2 billion doses of the vaccine.For China, this marks another major deal to secure access to a COVID-19 vaccine developed by a foreign company as the country’s other potential shots under development enter late stage of human trials.Other collaborations between Chinese and Western players include a tie-up between Germany’s BioNTech and Fosun , as well as one between Inovio Pharma and Beijing Advaccine Biotechnology.The scramble for treatments and vaccines to curb the pandemic has boosted global pharmaceutical companies’ shares, particularly those in China.Shenzhen Kangtai’s market value has surged almost 90% to about $20 billion over the past month, with shares hitting all-time highs on Tuesday. The Shenzhen-listed stock was down 10% on Thursday.In 2019, the company, whose main products are vaccines for Hepatitis B, flu and measles and rubella, reported net profits of 574.5 million yuan ($82.68 million) on revenue of 1.94 billion
European regulatory discussions are already being affected by the still-unknown impact of Brexit, according to the director general of the European Fund and Asset Management Association (EFAMA).Speaking at a conference in Brussels this week, Peter De Proft said that, while the UK’s impending exit from the European Union (EU) was not being discussed generally, it was “already coming up in every file” as regulations make their way through parliament.De Proft added: “For example, one of the first implications we see from a political decision like Brexit is that we feel [the European Securities and Markets Authority is] already losing power because there is a shift going to national competent authorities because of hesitation.” In addition, De Proft pointed out that, after the next European elections in two years, there may be no more British MEPs on European parliament committees. The UK currently has 73 MEPs, 13 of which are members or substitutes on the economic and monetary affairs committee.Members such as Neena Gill and Kay Swinburne have been particularly influential in recent regulatory discussions.Gill is the rapporteur for the money market funds regulation currently under discussion.De Proft said: “Very often, files have people from the UK as rapporteur. We have a very important financial centre, and, in two years, we will have elections in the European Parliament. Will there still be Brits coming in? This is one of the things already influencing attitudes.” The next European parliamentary elections are scheduled for 2019.UK prime minister Theresa May has vowed to trigger Article 50 by March 2017 at the latest, which will begin formal discussions about the UK’s exit from the EU.As a result, the two-year negotiation process may be complete or almost complete by the time the next elections are held.Asked whether he was concerned about the future role of UK bodies such as the Investment Association – a key member of EFAMA – and the Financial Conduct Authority, De Proft said he hoped the industry would “continue to work all together to the benefit of the investors”.“We have our single market, why should we start dividing that?” De Proft added. “We see it as something we have to cope with from a technical point of view, and I would say the asset management industry is less vulnerable.”De Proft pointed to existing EU asset management hubs such as Dublin and Luxembourg as an indication the sector is already well organised to cope with any fallout from Brexit.Of EFAMA’s 62 corporate members, 25 are based in London, and most of the rest have offices in the UK capital, De Proft said.“We see this from a point of view of a European market and not from a political point of view,” he added.“With the FCA and other colleagues, we work with them on a daily basis so we don’t see a need to change that. The treatment of investors is going to be the same.”
Former top-class campaigner COMMANDING CHIEF should score a long overdue win in today’s competitive looking overnight allowance race over 1300 metres to be contested by 13 starters at Caymanas Park.COMMANDING CHIEF last won the grade one Prime Minister’s Stakes in a titanic tussle with PERFECT NEIGHBOUR over 2000 metres on Independence Day 2014 (August 6), and although yet to win another race since, has run some useful races in defeat, even though sparingly raced.When he last competed, in open allowance company on January 23 for new trainer Spencer Chung, the eight-year-old gelding by War Marshall out of She Knows Beau ran a decent race behind the progressive filly LONG RUNNING TRAIN and CAMPESINO over a mile, finishing six lengths sixth after racing prominently in second entering the straight.Having worked well in preparation for today’s encounter and stepping down to overnight company in the process, COMMANDING CHIEF has a glorious chance of reliving past glories.MOST ACCOMPLISHEDHe is easily the most accomplished in the field, following big-race wins in the St Leger and Gold Cup when trained by Everal Francis, and with three-time champion jockey Dane Nelson sticking with the ride, the hint should be taken.Still, it won’t be a walk in the park for the veteran campaigner as he faces some very fit opponents in SHINING LIGHT, MIRACLE STAR, RED FLAG, EDISON and HOVER CRAFT, all ideally suited to the distance.The Wayne DaCosta-trained HOVER CRAFT (Omar Walker up) not only won in grade one company last season, but was second to FRANFIELD in last November’s Superstakes, and with 1300 metres not too sharp for him, is a worthy opponent. The same can be said of the Gary Griffiths-trained SHINING LIGHT, a recent winner who will love every inch of this race.However, COMMANDING CHIEF has never had it this easy in years and thus gets the vote.Other firm fancies on the 10-race programme are SUPERTRONICS (knocking at the door) to go one better in the second race; stable-companion BIG GEORGE to repeat in the third; GOLDEN GLORY in the sixth; down-in-class BOLD AVIATOR in race seven; and the speedy OPTIMUS to finally deliver in the eighth race for maiden four-year-olds and up over 1000 metres round.
WARRIORS UPDATE: The Warriors’ first game at Chase was one to … Scroll down to get insights and news updates from the Warriors’ second game at Chase Center when they face Karl-Anthony Towns and the Timberwolves.GAME ESSENTIALS: Warriors (0-1) vs. Timberwolves (0-1) at Chase Center, Thursday at 7:30 p.m. (PT). TV: NBSBA.ODDS: Warriors -3 (opened at Warriors -1).2019 SERIES: First meeting. LAST MEETING: Timberwolves d. Warriors, 131-130 in OT on March 29, 2019 in Minnesota.
Joules will go on sale in 2013.(Image: Optimal Energy)MEDIA CONTACTS• Jaco van LoggerenbergMedia LiaisonOptimal Energy+27 21 462 7804 or +27 82 903 7947RELATED ARTICLES• Model ‘green’ car in SA for World Cup• Mercedes-Benz SA tops for quality• Electrifying SA’s motor industry• VW SA wins multibillion contractBongani NkosiThe South African market looks ready to buy into the Joule, the country’s first stylish electric car.Although it will only be mass-produced late in 2012 and go on sale in 2013, there’s already a considerable demand for it, said Jaco van Loggerenberg, spokesperson for the car’s developer, Optimal Energy.“Demand in South Africa is there and it will grow,” he said. “We get phone calls from customers everyday, people are asking where they can buy the Joule.”The South African Department of Science and Technology and state-owned Industrial Development Corporation have invested heavily in Optimal Energy to get the project off the ground.Optimal Energy is a private South African company based in Cape Town.South Africa is proving to be one of the markets willing to embrace eco-friendly electrical cars, according to Van Loggerenberg. “You can see that readiness in many countries is growing. You see a level of readiness even in South Africa.”Most potential buyers have indicated they are concerned about conventional vehicles’ impact on the environment. “People want the electric car because it has fewer emissions,” said Van Loggerenberg.Export plans The outlook is that Joule sales will surge in the UK and other European countries, where there’s already strong demand for electric vehicles.Optimal Energy is planning to produce between 30 000 and 50 000 Joule units per year from 2013. “A lot of these cars would go to Europe, looking at the readiness of those countries,” Van Loggerenberg said.“The South African market is important to us,” he added, “we’ll sell many cars in South Africa, as much as the market can absorb”.Optimal Energy is hoping that the South African government will give incentives to electric car buyers, as is already done in countries like UK, the US, Japan, France and Spain.Chic, high-speed vehicleThe Joule, launched at the Paris Motor Show in 2008, is a trendy four-wheel vehicle with a top speed of 135km/h, enabling it to drive on highways. The five-seater zero carbon-emission car is powered by a lithium-ion battery which, if charged overnight, could last for about 300km.But experts say the Joule is more suitable for urban motorists, who drive about 150km a day.The batteries are currently produced by South Korea’s Energy Innovation Group, but there are plans to manufacture them in South Africa closer to production time, Van Loggerenberg said.The Joule also has an additional solar panel fitted on its rooftop to power accessories like the air-conditioner and electric windows.The vehicle, designed by South African-born Keith Helfet, a former top designer at Jaguar, will sell for between R235 000 and R285 000 (US$31 000 and $37 700).Creating jobsAll Joule cars will be manufactured in South Africa, with the production plant certain to be set up in Port Elizabeth or East London in the Eastern Cape province.The project is expected to create between 8 000 and 10 000 jobs for locals, “which will be of great benefit to South Africa”, Van Loggerenberg said.A limited number of Joule cars will be released onto the South African market later in 2010 to test the public’s interest. “We want to gauge feedback from customers and the media,” said Van Loggerenberg.
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As the joint drafting committee on Lokpal Bill winds up discussions on Tuesday, “serious differences” persisted between the government and civil society and fresh discord broke out over appointment and removal of the anti-corruption ombudsman.Both the sides will exchange their drafts version of the bill which will be merged into one document with differences listed for a final decision to be taken by the Union Cabinet, spokespersons for both the camps said.While HRD Minister Kapil Sibal, one of the official representatives on the committee, on Monday claimed that there was 80 to 85 per cent agreement between the two sides and that there was a “major breakthrough” and forward movement, the civil society side made light of the government claim.Sibal acknowledged that there was “strong divergence” of opinions but both the camps said the discussions were held in a “very cordial atmosphere”.The differences between the two sides remain on inclusion of Prime Minister within the ambit of the Bill as also the higher judiciary and conduct of MPs inside the House, funding model, CBI under Lokpal and Lokayuktas in state.At Monday’s meeting, an addition was made to this list when the two sides disagreed over who will constitute the panel to select Lokpal and who can approach the Supreme Court for removal.Arvind Kejriwal, a civil society member in the committee, said the government wanted the selection panel should have prime minister, Leaders of both the Houses in Parliament, Leaders of Opposition, Speaker, Cabinet Secretary, a Supreme Court judge and a High Court Chief Justice, which they say protects the existing corrupt system.advertisementKejriwal and other civil society representative Prashant Bhushan said the government maintained the Lokpal Bill would have a provision that it alone would have the provision to approach the Supreme Court for removal of the ombudsman and people would not have such a right.The government has so far agreed that the Prime Minister can be brought under the Lokpal only after he demits office and not when he is holding the office.Bhushan asked what is the logic of giving immunity to the Prime Minister when he is holding office because that will be the national security threat which he can compromise through corrupt deals.”None of us are hoping for an agreement tomorrow,” Kejriwal said adding both the sides will exchange drafts and one note containing differences will go to the Cabinet.On Sibal’s claim of 80-85 per cent agreement, Bhushan said the question is the quality of agreement. “All the basic principles are not of same importance. The differences are on the basic vision of the Lokpal which the civil society wants and which the government is prepared for,” he said.- With PTI inputsFor more news on India, click here.For more news on Business, click here.For more news on Movies, click here.For more news on Sports, click here.
Cayetano: Senate, Drilon to be blamed for SEA Games mess Jasmine Alcayde, who rode the bench for most of the season, took Mendrez’ spot in the starting six joining other graduating players Judith Abil, Lai Bendong, Roselle Baliton, and Kath Arado,“Ate Jas got to be in the starting six since this is her last playing year,” said Mendrez. “I think it’s also a good thing so those who will graduate got to play at the same time.”Sports Related Videospowered by AdSparcRead Next SEA Games hosting troubles anger Duterte MANILA, Philippines—With the season winding out, star hitter Mary Ann Mendrez had to sit out University of the East’s second to the last game in the UAAP Season 81 on Wednesday.ADVERTISEMENT Magalong: Albayalde also got SUV out of ‘agaw bato’ operation in 2013 PLAY LIST 01:19Magalong: Albayalde also got SUV out of ‘agaw bato’ operation in 201300:50Trending Articles00:50Trending Articles02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss LATEST STORIES View comments Duterte wants probe of SEA Games mess Private companies step in to help SEA Games hosting Magnolia closer to PBA finals return, overcomes Rain or Shine in Game 5 Philippine Arena Interchange inaugurated Hontiveros presses for security audit of national power grid Mendrez, UE’s second-leading scorer in the tournament with 13.3 points per game, was suffering from tonsilitis, which got worse over the Holy week break.Without her output, the Lady Warriors absorbed a 25-17, 25-16, 25-19 loss to defending champion La Salle whcih sent them to a 3-10 record.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logistics“When I got back in Manila, things got worse and that was when I got fever and tonsillitis,” said Mendrez in Filipino. “Coach [Karl Dimaculangan] didn’t let me train since Monday, although on Sunday I joined the practice but I didn’t finish it.”Mendrez, though, saw her illness as a blessing in disguise as her graduating teammates got a chance to be on the floor at the same time. Panelo: Duterte ‘angry’ with SEA Games hosting hassles MOST READ Don’t miss out on the latest news and information. DA eyes importing ‘galunggong’ anew