Germany’s CureVac NV said on Tuesday it has begun a mid-stage study testing its exploratory Covid antibody and plans to start an unequivocal global preliminary with around 30,000 volunteers in the final quarter.

The organization’s U.S.- listed shares rose 10% to $49.66 in broadened trading. CureVac has dosed the first patient with its test COVID-19 vaccine in the preliminary occurring in Peru and Panama and anticipates information on older grown-ups in the final quarter.

The immunization engineer intends to begin the worldwide preliminary after information from the progressing studies.CureVac is among the numerous in the competition to build up an antibody for COVID-19, with rivals including Novavax Inc and AstraZeneca previously leading late-stage preliminaries of their likely immunizations.

CureVac stowed almost $300 million in financing from the German government prior this month to accelerate chip away at its model COVID-19 immunization and manufacture ability to deliver it at scale.

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