A senior Shanghai government official has visited Chinese COVID-19 vaccine developer Stemirna Therapeutics, the company said in a social media post on Wednesday, as it grapples with tight funding. Reuters reported last month that Stemirna was behind on regular wage payments to its staff as it struggled to raise fresh financing and its COVID vaccine had yet to receive marketing approval from Chinese regulators. In a post on its official WeChat account, Stemirna said Chen Quan, a vice mayor of Shanghai, had recently visited and met with its CEO Li Hangwen and other staff members.
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