(RTTNews) – Medigen Vaccine Biologics Corp. and Dynavax Technologies Corp. (DVAX) announced that MVC has obtained a Taiwan government subsidy for successfully initiating a phase 1 clinical trial in Taiwan. The grant was earmarked by the government for purposes of research and development of a locally produced COVID-19 vaccine. The subsidy will be released at agreed upon milestones in the total amount of up to $16.4 million.
The first participant in phase 1 clinical trial was dosed with MVC’s COVID-19 vaccine combined with Dynavax’s CpG 1018 adjuvant in early October.
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