Who Owns Apiject (April 2021) Get Complete Details! >> This article shares the ownership details of a pharmaceutical company that claimed to manufacture Covid-19 vaccines.
Have you heard about Apiject before? Why is it getting so much funding from the Government? Who owns it? These are the frequent questions asked by the people. Keep reading, and we will answer all of these and many more.
The United States-based company is only formed in 2018 and has gained quite a lot of popularity already. Kindly read this article till the end to know Who Owns Apiject and what is it all about.
About ApiJect Systems, Corporation
ApiJect Systems Corporation is a Stamford-based American company. The company has claimed to manufacture the entire prefilled COVID-19 vaccine syringes required in the United States by the end of last year.
The company had received a USD 138 million contract from the U.S Department of Health and Human Services and the U.S. Department of Defence. ApiJect was also awarded millions of dollars of loans from the U.S. International Development Finance Corporation for the same.
As of now, the company has planned on building a manufacturing factory that will be operational by 2022.
Know the detail about Who Owns Apiject?
The private company has been founded by Marc Koska, who is famous for investing in the K1 non-reusable auto-disable syringe. The K1 syringe prevents the transmission of blood-borne diseases as it cannot be used twice.
Let us look at some of the other leaders of ApiJect.
- Executive Chairman – Jay Walker
- Chief Executive Officer – Franco Negron
- Partner – Hanjin In
- Chief Operations Officer – Ray Guidotti
- Chief Financial Officer – Raj Asarpota
Now that we saw Who Owns Apiject let us look at what others have to say about ApiJect System Corporation.
Why is ApiJect in the news?
People of America are furious about the fact that even after receiving millions of dollars of loan and funding, the company that claimed to manufacture enough syringes by the end of 2020 has failed to even make one.
A spokesperson of ApiJect recently told NBC that they are currently working with many vaccine-making companies and undergoing tests with their syringes.
The company has not even received federal approval, which permits them to start the production. The one Who Owns Apiject needs to submit their test results and safety standards to receive the permission.
In their defence, the company said that the USD 590 million loans had not been awarded yet.
In July 2020, the CEO of the company stated that the people should not just rely on them (ApiJect) and that they are just a backup.
In Conclusion:
The United States-based company “ApiJect Systems Corporation” is a public benefit company. The company claimed to make single-use prefilled COVID-19 vaccines by the end of 2020 but has failed to do so.
If you want to know more about the company and its service, you can go through the Wikipedia site of Apiject.
Do you think Apiject will succeed?
If you doubt our article or Who Owns Apiject, you feel free to comment below.
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