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Danish shot gets EU nod to monkeypox when WHO declares emergency

A lesser-known Danish pharmaceutical company has received official approval in the European Union for a vaccine against monkeypox as the World Health Organization declares a global health emergency.

According to a Danish vaccine maker, Imvanex, an A / S smallpox vaccine in northern Bavarian, has been granted permission to be labeled with another disease caused by monkeypox and the vaccinia virus. Label extensions will be made after similar approvals have been made in Canada and the United States. In Copenhagen trading, stock prices rose by as much as 10%.

The global relapse of monkeypox has spread to about 16,000 people in more than 70 countries in just a few months, but was raised to the highest level of WHO alert over the weekend as the head of the authorities declared public health. I did. Emergency of International Concerns-The first such ruling since the coronavirus and formal measures to help consolidate more resources to curb the outbreak.

read: WHO declares monkeypox outbreak a global emergency

Bayern said on Monday that European approval was secured, which would normally take six to nine months to obtain, approximately a month after the company submitted the application. This shot was first approved in the smallpox area in 2013.

The company has already signed several vaccine orders with countries that were using non-adaptive products. Its shares have increased by more than 150 percent since mid-May when it first announced such a deal. Bayern has raised its 2022 financial forecast several times, with full-year earnings estimates more than double what it had predicted earlier this year.

The WHO decision “improves the prospect of further government orders for Imvanex, the only vaccine currently available,” Citigroup analyst Peter Verdult wrote in a note. He estimated that at least 50 percent of Bavaria’s 30 million vaccination capacity could be allocated to shots.

https://gulfbusiness.com/danish-shot-gets-eu-nod-for-monkeypox-as-who-declares-emergency/ Danish shot gets EU nod to monkeypox when WHO declares emergency

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