Economy

Covid-19 vaccine by Sinovac shows positive results in initial trials

Covid-19 vaccine by Sinovac shows positive results in initial trials”

The European Commission defended the idea on Friday that EU countries should join up to guarantee privileged access to a future vaccine, arguing strongly for the establishment of advance purchase contracts.

AstraZeneca recently struck similar agreements with Britain, the US, Norway-headquartered Coalition for Epidemic Preparedness Innovations (CEPI), and the global vaccine alliance Gavi. Another round with 10,000 volunteers began in May.

The German Health Ministry said the four countries had formed a vaccination alliance and that they are also in talks with other pharmaceutical companies regarding potential vaccines against COVID-19.

According to the German Ministry of Health, group AstraZeneca is partnering with Britain's Oxford University, which has pioneered the inoculation. According to Professor Babak Javid of Tsinghua University School of Medicine in Beijing, China, although tested animals became infected with SARS-CoV2, the vaccine has so far prevented disease and the onset of pneumonia.

Since lockdowns and social-distancing measures have helped to keep infection rates low in many countries, some of the world's leading vaccine efforts are seeking to conduct phase III trial in active outbreaks to evaluate the effectiveness of their shots.

The technology used in AZD1222 has never been deployed in a licensed human vaccine before.

According to the World Bank, the population of the European Union is around 447 million.

More news: CDC posts long-awaited tips for minimizing everyday coronavirus risk

The contract is for 400 million doses of the vaccine which was developed at the University of Oxford. The OWS is aimed at speeding up the development, manufacturing, and distribution of medical countermeasures to the Chinese Communist Party virus.

The cost is expected to be offset by funding from the governments.

A sign is seen at an AstraZeneca site in Macclesfield May 19, 2014.

AstraZeneca has agreed manufacturing deals globally to meet its target of producing 2 billion doses of the vaccine, including with two ventures backed by Bill Gates and a US$1.2 billion (RM5.1 billion) agreement with the United States government. Sinovac is building a manufacturing facility meant to "maximize the number of doses available to protect people from COVID-19", he added.

AstraZeneca says 'it recognizes that the vaccine may not work but is committed to progressing the clinical program with speed and scaling up manufacturing at risk'.

Assuming that the vaccine is approved, with 7.8 billion people on Earth, Moderna's production capabilities will only produce enough doses for a fraction of the population, leaving many to wonder how and to whom these vaccines will be distributed.



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