Sinovac Biotech Ltd (SVA) : Obtains Third H1N1 Vaccine Order From Chinese Central Government

From Reuters:

Sinovac Biotech Ltd. announced that it has received its third purchase order for its H1N1 vaccine, PANFLU.1, from China’s Ministry of Industry and Information Technology for the national stockpiling plan.

Under this purchase order, Sinovac is required to produce an additional 5.19 million doses of PANFLU.1 (15ug/0.5ml) for the Chinese central government. Out of announced PANFLU.1 order, Sinovac is required to complete delivery of 2.89 million doses to the appointed provincial and municipal governments by the end of this year and supply the remaining 2.3 million doses for the central government stockpiling.

The latest 5.19 million dose purchase order is in addition to an initial order for 3.3 million doses and second order for 3 million doses received by Sinovac from the Ministry of Industry and Information Technology of China on September 4, 2009 and September 30, 2009, respectively, for a total of 11.49 million doses.


Sinovac Biotech Ltd. (SVA) : A Short Term Play on H1N1

This is a short term play on possible flu outbreak in the coming months.

As such, I do not have a very large position and have in place a fairly tight stop loss in place.


Earnings will be due soon so prices may be affected on the downside given its low float