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Sinovac Biotech Ltd.

Sinovac Establishes Joint Venture to Expand Human-Use Vaccine Development and Manufacturing Capabilities

Published in Vaccine Weekly, December 9th, 2009

Sinovac Biotech Ltd. (NASDAQ:SVA), a leading developer and provider of vaccines, announced that it executed a joint venture (JV) agreement to establish Sinovac (Dalian) Vaccine Technology Co., Ltd. (Sinovac Dalian). The JV will research, develop, produce and commercialize human-use vaccines. Sinovac will contribute its expertise and experience in developing and commercializing world-class vaccines; the other party will bring its land use rights, manufacturing facilities and established operating infrastructure.

Mr. Weidong Yin, Chairman, President and CEO of Sinovac, remarked, "Sinovac Dalian brings to Sinovac a highly efficient platform to expand our manufacturing...

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