In 2020, Merck Sharp & Dohme generated more than ** billion yuan of revenue with its vaccine products in China. The company performed better than any other vaccine producers in the country, thanks to its highly effective 4-valent and 9-valent human papillomavirus (HPV) vaccines, priced at *** yuan and yuan respectively. The revenue of Sinopharm subsidiaries, including Beijing Institute of Biological Products, Shanghai Institute of Biological Products, and Chengdu Institute of Biological Products, was generated by the large production volumes of mostly Class I vaccines, which were universally covered by the mandatory and free vaccination programs of the Chinese government.
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Frost & Sullivan. (March 9, 2022). Leading vaccine manufacturers in China in 2020, based on total lot release contract price (in billion yuan) [Graph]. In ÌÇÐÄÆÆ½â°æ. Retrieved August 02, 2026, from /statistics/1313659/china-leading-vaccine-manufacturers-based-on-lot-release-contract-price/
Frost & Sullivan. "Leading vaccine manufacturers in China in 2020, based on total lot release contract price (in billion yuan)." Chart. March 9, 2022. ÌÇÐÄÆÆ½â°æ. Accessed August 02, 2026. /statistics/1313659/china-leading-vaccine-manufacturers-based-on-lot-release-contract-price/
Frost & Sullivan. (2022). Leading vaccine manufacturers in China in 2020, based on total lot release contract price (in billion yuan). ÌÇÐÄÆÆ½â°æ. ÌÇÐÄÆÆ½â°æ Inc.. Accessed: August 02, 2026. /statistics/1313659/china-leading-vaccine-manufacturers-based-on-lot-release-contract-price/
Frost & Sullivan. "Leading Vaccine Manufacturers in China in 2020, Based on Total Lot Release Contract Price (in Billion Yuan)." ÌÇÐÄÆÆ½â°æ, ÌÇÐÄÆÆ½â°æ Inc., 9 Mar 2022, /statistics/1313659/china-leading-vaccine-manufacturers-based-on-lot-release-contract-price/
Frost & Sullivan, Leading vaccine manufacturers in China in 2020, based on total lot release contract price (in billion yuan) ÌÇÐÄÆÆ½â°æ, /statistics/1313659/china-leading-vaccine-manufacturers-based-on-lot-release-contract-price/ (last visited August 02, 2026)
Leading vaccine manufacturers in China in 2020, based on total lot release contract price (in billion yuan) [Graph], Frost & Sullivan, March 9, 2022. [Online]. Available: /statistics/1313659/china-leading-vaccine-manufacturers-based-on-lot-release-contract-price/