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Sinovac Biotech&Rite Aid Corporation Review: (NASDAQ: SVA), (NYSE: RAD)


New York, NY -- (ReleaseWire) -- 03/15/2013 --Sinovac Biotech Ltd. (NASDAQ: SVA) announced preliminary top-line data from its Phase III clinical trial assessing the efficacy, immunogenicity and safety of the Company's proprietary Enterovirus 71 vaccine against hand, foot and mouth disease.

The primary objective of the study was to evaluate the efficacy of the EV71 vaccine in the prevention of HFMD caused by EV71 in infants of 6 to 35 months old. The preliminary Phase III data showed that Sinovac's EV71 vaccine was 95.4% (95% CI: 87.5%, 98.3%) efficacious against HFMD caused by EV71.

The double-blinded, randomized, placebo controlled Phase III clinical trial was conducted at three sites across China's Jiangsu province.

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Rite Aid Corporation (NYSE: RAD) recently announced sales results for February. For the five weeks ended March 2, 2013, same store sales decreased 3.6 percent over the prior-year period.

February front-end same store sales decreased 1.3 percent while February front-end same store sales attributable to flu-related over-the-counter products were flat.

Pharmacy same store sales, which included an approximate 695 basis points negative impact from new generic introductions, decreased 4.7 percent. Prescription count at comparable stores increased 0.3 percent over the prior-year period. This number includes a decrease of 0.1 percent attributable to flu-related prescriptions and flu shots.

Rite Aid Corporation, through its subsidiaries, operates retail drugstores in the United States.

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