China’s Covid-19 vaccine maker Sinovac Biotech releases its 2021 financial report on April 30, recording sales of $19.4 billion for the year, a 3,700% increase from sales of $510.6 million recorded in 2020. The company’s net income also grew by 7,700% to $14.5 billion for 2021. According to the financial results, this leap is due to higher sales of the Covid vaccine and the sales growth of the company’s other products. According to the report, the company has now provided 2.8 billion doses of its Covid vaccine globally. [Sinovac Biotech press release]
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