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Sinovac Biotech (SVA)
Stock symbol: SVA………..……….….…..………..…..………….………Ave volume (3 mos) 5mm
Stock price 10/8/09: $7.08………….……..………..………….Common shares 6/30/09: 42.42mm
52 week Range: $.75 to $12.50….…..……………..………Equity market capitalization: $300mm
Recent News …..Stock Price & Chart …..SEC Filings
Supply vaccines to eliminate human diseases.
BUSINESS
· Research, development, commercialization, and sales of human vaccines for infectious illnesses such as Hepatitis A and Hepatitis B, influenza and “SARS”.
· Sinovac is the first and currently the only company in the world to have been granted permission to begin clinical trials for a vaccine to prevent SARS.
· Sinovac is one of the leading emerging biotechnology companies in
RECENT DEVELOPMENTS
Obtains second order from Chinese central government for H1N1 Vaccine; 3 million doses, Sept 30 read more
Obtains Lot Release Certificate for Its First Batch of H1N1 Vaccine, Sept 8 read more
Hong Kong Department of Health Visited Sinovac on R&D and Production of H1N1 vaccine, Sept 8 see pictures & read more
Sinovac Obtains Initial Order of H1N1 Vaccine from Chinese Central Government, Sept 4 read more
PRODUCTS
Initiated production of the H1N1 vaccine on June 15, 2009 and initiated the clinical trial on July 22. On August 17, Sinovac announced its top-line positive results of the H1N1 vaccine clinical trials, in which the vaccine showed good safety and immunogenicity profiles after one shot. Following the positive results of an experts' evaluation conference organized by the State Food and Drug Administration (SFDA) on September 3, 2009, Sinovac obtained the production license from the SFDA for PANFLU.1, Sinovac's H1N1 vaccine
Healive® - Inactivated Hepatitis A Vaccine
BiliveTM is the first, and currently only, combined inactivated hepatitis A and B vaccine developed by Chinese scientists
STRATEGIC PARTNERS
NICPBP (National Institute for the Control of Pharmaceutical and Biological Products) – is a subordinate organization of the State Food and Drug Administration (SFDA). Established in 1950, it is the supreme statutory authority for national pharmaceutical and biological inspection and arbitration. It has a comprehensive national pharmaceutical, biological products and medical instruments quality-inspection institute, with responsibilities for inspection, research, teaching and standardization.
National Institute for Viral Disease Control and Prevention – is a national professional disease control and prevention institute under the lead of
National Institute for Infectious Disease Control and Prevention – is a national professional infectious disease control and prevention institute under the lead of the China CDC. It is the direction center for national infectious disease control and prevention. Its main functions are to: conduct surveillance on infectious diseases; collect, analyze and notify the CDC about the disease infections; respond to severe infectious diseases, epidemics and pandemics; emergent diseases and other emergencies.
Beijing Temple of Heaven Biological Products Co., Ltd. – specializes in marketing modern hepatitis B vaccines. The Company has a history of technology innovation; originally through advanced equipment imports. Presently all of its products and manufacturing facilities are GMP certified through the SFDA.
INCOME STATEMENT SUMMARY
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Address:
Telephone: +86-10-6296-3661
CEO: Weidong Yin
Web Site: http://www.sinovac.com
State or other jurisdiction of incorporation or organization: Antigua,
Transfer Agent: Pacific Stock Transfer
Contact: Sinovac: Helen G. Yang, Tel: +86-10-8289-0088 x9871, Fax: +86-10-6296-6910, Email:
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. Investors: Amy Glynn/Sara Pellegrino, The Ruth Group, Tel: +1-646-536-7023/7002, Email:
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EXECUTIVE TEAM
CEO: Weidong Yin
Mr. Yin is the President and CEO of Sinovac. He is also one of founders of Tangshan Yian and Sinovac Biotech Co., Ltd. He has been dedicated to hepatitis research for over 20 years starting as a doctor on epidemiology in Tangshan CDC (
Dr Yin also serves some public obligations. He is the member of Chinese Foundation for Hepatitis Prevention and Control. He is academic consultant to various Chinese governmental organizations.
Education: Dr Yin obtained his Medical Degree from the
Vice General Manager: Jiansan Zhang
Vice General Manager of Sinovac Biotech Co., Ltd.
---- In charge of Production Dept., Engineering Dept., Development Dept., and Quality Assurance Dept.; Deputy General Manager of Tangshan Yian Biological Engineering Co., Ltd.
---- In charge of P3 Lab;
Mr. Zhang has had sophisticated training courses on Biological product manufacturing management and quality control in Holland and received training on biological product manufacturing management and quality control at Merck. He fully understands European GMP standards, which was used into manufacturing workshop construction of inactivated hepatitis A vaccine and split flu vaccine, which guides the production management and quality control of Sinovac to meet international standards.
Previously he was Production manager & Senior Manager of Shenzhen Kangtai Biological Product Co., Ltd.; Vice General Manager of Shenzhen Guangxin Biological Product Co., Ltd. Consultant of Tangshan Yian Biological Engineering Co., Ltd.; Production manager of Shenzhen Kangtai iological Product Co., Ltd.; Vaccine researcher in Wuhan Biological Institute.
Education: EMBA from
Vice General Manager of Sinovac Biotech Co., Ltd., Ms Nan Wang
---- In charge of Business Development Dept. and Clinical Research Dept.
Ms. Wang has over 10 years of experience in the field of business development, project research and registration management,. working with China Bioway Biotech Group and Shenzhen Kexing Biological Product Co., Ltd. She has conducted studies on development strategy of biological enterprises. And at the same time she knows well about government policy relating to drug R&D and registration. She also holds very good relationship with related government officials.
Previously she was: Researcher in Live Science College of Peking University; China Bioway Biotech Group; Shenzhen Kexing Biological Product Co., Ltd.
Education: University of International Business and Economics, Master in Enterprise Management;
Peking University, Bachelor of Science in Biology; Gain Diploma in Financial Management in the course of ACCA organized in China
Vice President Mr. Changju Fu
--- In charge of Sales Dept, Marketing Dept, and Business Dept;
He has been the Sales Director of Changchun Changsheng Biological Product Co., Ltd. for 11 years in charge of vaccine marketing with a strong focus on Hepatitis A. He was appointed subsequently as the Vice President of Shenzhen Shukang Biological Products Co. Ltd. responsible for marketing and sales of vaccines and blood products. Since Sinovac’s incorporation, he contributed to building up the company’s sales team and network and responsible for the sale of Sinovac vaccines.
Previously he was: Assistant to Director of Blood research section of Institute of Changchun Biological Products, Ministry of Public Health, P.R. China; Sales Manager of Changchun Changsheng Industrial Co., Ltd.; Vice General Manager of Shenzhen Shukang Biology Co., Ltd.
Education: Graduated from Norman Bethune University of Medical Sciences.
Senior Manager, Ms. Xuejie Gong
She is a Pharmaceutical engineer. And she gained certified Professional Pharmacist in 1995. She has the experience of vaccine R&D for over 10 years. She used to work in quality assurance department of Tangshan Yian. She dedicated to the R&D of Hepatitis A vaccine and Hepatitis A&B vaccine. She is a professional in establishing the method of quality control, quality assurance, clinical trial of the vaccine and the registration for the new bio-products. After that, she also participated into the establishment of GMP administrative system of inactivated hepatitis A vaccine. And she is in charge of the registration for split flu vaccine development by Sinovac. She was certified to be senior engineer in late 2002. Currently she is the assistant to CEO. And she is in charge of QA dept. and QC dept.
Education Background:
Senior Manager, Manager of Human Resource Department, Wang Jingning
Working Experience:
2005 – now Sinovac Biotech Ltd. Senior Manager, Manager of Human Resource Department, Assistant to CEO
2001 – 2005 Sinovac Biotech Ltd. Manager of Human Resource Department
1998 – 2001 Tangshan Yian Biological Engineering Co., Ltd. Manager of Administration and Human Resource
1992 – 1998 Tangshan Biomedical Technology Development Co., Ltd. Administration Manager
Education: 1998 – 2001 RINMIN UNIVERSITY OF CHINA Master of Industrial Economics; 1985 – 1989 YANSHAN UNIVERSITY Bachelor in forge technique and equipment.
BOARD OF DIRECTORS
Mr. Weidong Yin has been the President, CEO, Secretary and a Director of the Company since September 24, 2003. Mr. Yin is also the General Manager of the Company’s subsidiary, Sinovac Biotech Co., Ltd. Mr. Weidong Yin, has been dedicated to hepatitis research for over 20 years. He is credited with developing the intellectual property that led to the development of the Company’s hepatitis A vaccine. In addition, Mr. Yin has been appointed to be the principal investigator by the Chinese Ministry of Science and Technology for many key governmental R&D programs such as “Inactivated Hepatitis A vaccine R&D”, “Inactivated SARS vaccine R&D” and “New Human Influenza Vaccine (H5N1) R&D”. He obtained his Masters degree in Business Administration from the
Mr. Xianping Wang (Age 47) is a director nominee and has been the President and CEO of Xinhua China Ltd. since September 2004, which is a reporting issuer and is listed on the National Association of Securities Dealers Over-the-Counter Bulletin Board having the symbol “XHUA”. He is also President of Asia-Durable (Beijing) Investments Co., Ltd. since 2002, the President of Beijing New Fortune Investment Co., Ltd. from 1997-2002, and General Manager of Beijing Fuhua Constructions and Development Co., Ltd. from 1992-1997. Mr. Wang has obtained two university degrees, one was an Engineer Bachelor Degree from Navy Engineering Institute, and the other one was an Economy Master Degree from
Ms. Cathy Mok Chup Hung (“Mok”) (age 48) is a director nominee and is currently the Financial Controller of Zero Spot Laundry Service Private Limited where she is responsible for the financial affairs of that company and also leads the human resource management function. Prior to joining Zero Spot Laundry Service Private Limited, Mok had more than 28 years of banking experience. Mok joined Bank of China, Singapore Branch in January 2002. During that period, she lead the Internal Audit and Treasury Settlements functions. Mok was also a member of the bank’s Assets and Liabilities Management Committee, Prevention of Money Laundering Committee and Business Continuity Management Committee. Prior to joining Bank of China, Mok began her career with The Kwangtung Provincial Bank Singapore Branch. During that period, she worked in the retail banking division. Mok was also responsible for setting up the Kwangtung Provincial Bank’s Treasury Department. From 1992 to 2001, being the senior management member of the bank, she had oversight responsibilities in accounting, treasury settlements, human resource management and credit management functions. In addition, Mok was a member of Kwangtung Provincial Bank’s Credit Committee and Prevention of Money Laundering Committee. Mok holds a Master of Business Administration from the National University of Singapore.
Mr. Simon Anderson has been a Director of the Company since July 23, 2004. Mr. Anderson has been a partner and Vice President of MCSI Consulting Services Inc. from 1996 to present. Mr. Anderson is a Chartered Accountant and a Chartered Business Valuator and from 1994 to 1996 was a partner with BDO Dunwoody, an international accounting and consulting firm, where he specialized in mergers, acquisitions and valuations. Mr. Anderson was admitted as a member of the
Mr. Lo Yuk Lam (age 58) is a director nominee and is presently the Vice President of PerkinElmer Life and Analytical Sciences,
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