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China mRNA Vaccine-Maker Stemirna Struggles With Debt Crisis

By Zhao Jinzhao and Wang Xintong
2023年10月20日 20:15
One-time investor darling seeks fresh capital as CEO admits it is in a ‘difficult’ position as it awaits final Covid vaccine approvals in China
Photo: VCG

A Shanghai court has imposed spending limits on Chinese mRNA vaccine maker Stemirna Therapeutics Co. Ltd. for failing to make good on its debts, exacerbating the woes of the one-time investor darling as it struggles to raise fresh financing in the face of falling demand for Covid treatments.

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