China shows off Covid-19 vaccines at Beijing trade fair

China on Monday put its homegrown coronavirus vaccine on display at a Beijing trade fair for the first time.

Produced by Chinese companies Sinovac Biotech and Sinopharm, the vaccine is yet to hit the market but the makers of the vaccine believe it will be approved after all-important phase 3 trials as early as year-end, reports India.com.

The company in a statement told a news agency that it has already completed the construction of a vaccine factory which will be able to produce 300 million doses a year.

Not yet given any official name, the vaccine, which is on display at the Beijing Trade Fair are among nearly 10 worldwide vaccines to enter phase 3 trials.

Putin, Saudi king discuss joint vaccine production: Kremlin

Russia had last month claimed that it has developed word's first corona vaccine with the name 'Sputnik V' after the Soviet-era satellite that was the first launched into space in 1957.

As per reports, the Sputnik V, Russia's Covid vaccine, has passed early trial test and the patients involved in early tests developed antibodies with no serious adverse effects, a research article published in The Lancet said.

Earlier, Russia had said that it is planning to produce 6 million doses of coronavirus vaccine per month. The RIA news agency cited Russian Industry Minister Denis Manturov as saying that Russia is planning to produce between 1.5 million and 2 million doses per month of its potential coronavirus vaccine by the year end.

The Sputnik V vaccine consists of two shots that use different versions of adenoviruses — virus types, some of which cause the common cold — that the manufacturers have engineered to carry the gene for the surface protein of SARS-CoV-2 that causes Covid-19.