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HOUSTON A Houston-based genetic engineering company said it has a vaccine aimed at the deadly coronavirus outbreak, according to a report by the Houston Business Journal.

The genetic engineering firm, Greffex Inc. has one of its laboratories based in Aurora, Colorado.

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John Price, president and CEO of Greffex Inc., told KHOU, our sister station in Houston, that Greffex's scientists completed the coronavirus vaccine this week.

The trick in making a vaccine is can you scale the vaccine that youve made to be able to make a certain number of doses, can you test the vaccine quickly and efficiently and then can you get it into patients and thats where we have an edge as well on the other companies that are out there," said Price. "And that has to do with speed and essential uniformity of how we make vaccines, so that drops the cost down.

Price said the vaccine will now move into a testing phase with the Food and Drug Administration.

The Houston Business Journal reported, in September 2019 Greffex received an $18.9 million contract from the National Institute of Health's National Institute for Allergy and Infectious Diseases to develop new treatments for infectious threats.

If the vaccine gets government approval, Price said his company plans to give it away for free to nations hit hard by the coronavirus outbreak.

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Genetic engineering company says they have created a coronavirus vaccine - 9News.com KUSA

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