Sinovac Biotech reported positive results from a Phase I trial of its vaccine for human enterovirus 71 (EV71), the virus that causes Hand, Foot, and Mouth Disease (HFMD). Sinovac needs to expand its portfolio of vaccines to regain profitability. The company prospered in 2009-10 on its H1N1 flu vaccine, but those revenues have disappeared as Chinese consumers became afraid of vaccine-borne illnesses. Sinovac also announced recently that it is moving closer to production of an animal rabies vaccine. More details....

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