China’s Sinopharm Claims COVID-19 Vaccine has 79% Efficacy

Sinopharm, a Chinese biopharmaceutical company controlled by the state, announced that its COVID-19 vaccine candidate had an efficacy rate of 79% based on interim analysis of Phase III trials. The vaccine was developed by Sinopharm’s Beijing Institute of Biological Products arm. The company indicated it has submitted an application for authorization to Chinese regulators.