CureVac does not rule out accelerated approval for COVID-19 vaccine

File photo of an employee of German biopharmaceutical company CureVac, demonstrating research on a vaccine for COVID-19 at a laboratory in Tuebingen, Germany, Mar 12, 2020. FRANKFURT: German biotechnology firm CureVac does not rule out a speedy approval process for its prospective vaccine against COVID-19, its chief executive was quoted as saying on Sunday .

The company said on Friday that it expects to put its vaccine on the market by mid-2021. Obtaining speedy approval suggests the company is pushing for an earlier release date although CEO Franz-Werner Haas did not give any details on how likely this was."We are not ruling out accelerated approval, but this can only be achieved in close cooperation with the authorities," Haas told the Boerse Online financial website.on the Nasdaq stock market on Friday, raising US$213 million.

The results of the recently started clinical trials of the company's prospective vaccine are to be published in autumn, Haas said, reiterating that at the moment approval was expected in the first half of next year. CureVac is researching how to use molecules carrying a specific genetic code called messenger RNA to treat a series of diseases, including COVID-19.By using mRNA, researchers hope they can compel a patient's own body to create proteins that can play an important role in combating disease.

"We see a deeper and broader understanding in the United States that the mRNA technology we use has the potential to quickly develop an effective and efficient vaccine," Haas said.

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