MedWatch

Bavarian Nordic still hopes to find financing for Covid-19 vaccine

In spite of positive preclinical data, Bavarian Nordic maintains that the firm itself will not finance further studies after the first phase I/II study. The company remains optimistic, however, about the prospects of finding capital for the vaccine from external sources.

Photo: Bavarian Nordic / PR

While Bavarian Nordic's vaccine candidate against Covid-19 will soon enter into the first in-human phase I/II study, the Danish vaccine company is on the lookout for a partner to finance its further development and the process of taking the Covid-19 vaccine to market.

"We need financing, but we're optimistic. We hope the capital will turn up, and all along we've said that in order to get some financing on the table we need good data," Bavarian Nordic Vice President of Investor Relations and Communications Rolf Sass Sørensen tells Ritzau Finans.

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