Signed a contract to supply 80 million dollars’Ufolio’ with UNICEF
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LG Chem supplies polio vaccines to over 70 countries around the world through UNICEF (UNICEF, UN Children’s Fund).
LG Chem announced on the 7th that it has signed a contract with UNICEF to supply a polio vaccine’Eupolio’ worth 80 million dollars (about 87 billion won) between 2021 and 2022.
Polio is an infectious disease in which the polio virus can infect the nervous system, leaving sequelae such as arm and leg paralysis.
According to LG Chem, Ufolio is a next-generation dead vaccine that has undergone an additional chemical process to eliminate pathogenicity to attenuated viruses that have weakened toxicity.
It is relatively safer than a live vaccine using a live virus of weak toxicity.
LG Chem’s Ufolio obtained the pre-qualification (PQ/Pre-Qualification) certification, which is the first in the world to supply vaccines to international organizations as the world’s first’attenuated dead vaccine’ at the end of December last year.
WHO PQ certification is a system in which WHO evaluates safety and effectiveness in order to supply medicines such as vaccines to developing countries.
LG Chem signed a large-scale supply contract three weeks after approval of the Ufolio PQ.
Starting in February of this year, it plans to supply the portfolio to more than 70 countries around the world, mainly in the Middle East, Africa, and Southeast Asia.
With this contract, LG Chem will supply more than 20% of the polio vaccine supplied by UNICEF.
With this, the company said that it has entered the top three suppliers of polio vaccines in the UNICEF procurement market.
LG Chem plans to contribute to solving polio diseases in children around the world by doubling its production capacity by 2022.
/yunhap news
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