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Senator Jaziri Alkaf Abdillah Suffian (left) and Boo during Yong Tai’s virtual signing ceremony.
PETALING JAYA: Yong Tai Bhd has formalised its collaboration with China’s Shenzhen Kangtai Biological Products Co Ltd by entering into a definitive agreement for the Phase III clinical trials and commercialisation of the latter’s Covid-19 vaccine.
This cements the collaboration that was set up with the head of agreement framework signed in December 2020.
Yong Tai CEO Datuk Boo Kuang Loon said the agreement marks another milestone for the group in its foray into the pharmaceutical business and he is confident that the collaboration will bear fruit in the near term based on Shenzhen Kangtai’s track record.