Economy

Australian PM announces deal for 84 mln doses of coronavirus vaccine

Australian PM announces deal for 84 mln doses of coronavirus vaccine”

Australia in August said it would buy the AstraZeneca vaccine, but the deal appeared in some doubt in August after CSL said it was prioritising its own rival vaccine.

"By securing the production and supply agreements, Australians will be among the first in the world to receive a safe and effective vaccine, should it pass late-stage testing".

"It's the intention of the company to prioritize the countries that contribute to the development of the vaccine and that will have patients participating in the trials, yes", he added in an interview with Reuters on Thursday.

Should both vaccines pass clinical trials, Australia will spend A$1.7 billion (935.04 million pounds) for a total of almost 85 million doses, Morrison said.

In a statement released late on Sunday, the Federal Government said that contingent on the outcome of ongoing trials, vaccines would be made available "progressively" throughout 2021, following a $1.7 billion supply and production agreement with pharmaceutical companies AstraZeneca and CSL/Seqirus.

Australia will receive the first doses of an AstraZeneca and Oxford University COVID-19 vaccine in January 2021 if trials prove successful, after Canberra agreed a deal to purchase a second potential vaccine, Prime Minister Scott Morrison will say on Monday.

Trials are also underway for the University of Queensland vaccine, and if they are positive, then it will be available from mid-2021.

More news: Donald Trump Bans Racial Sensitivity Training Labeling It "Anti-American Propaganda"

The Oxford vaccine doses are expected to cover as many as 16.9 million people, with the UQ vaccine doses to cover 25.5 million.

Federal Treasurer Josh Frydenberg on Monday announced Australia would extend its temporary insolvency and bankruptcy protection rules until the end of this year, barring creditors can not issue bankruptcy notices to businesses for debts below A$20,000.

Each person would have a dose of one vaccine followed by a second dose of the same one within a few weeks. Should both vaccines prove successful, Australia has secured to right to donate or sell on without a mark-up.

"Together with partners including the University of Queensland and Coalition for Epidemic Preparedness (CEPI), our development and manufacturing teams have been working extremely hard to advance this program to ensure the availability of a safe and effective vaccine should clinical studies prove successful", he said. Phase 1 clinical trials for the UQ vaccine began in mid-July in Brisbane.

Many centers were bracing for the selection of candidates for Phase II human trials, which was earlier scheduled to begin in the first week of September.

MENAFN provides the information "as is" without warranty of any kind.



Like this

loading...
loading...

Latest


07 September 2020
Multiple stabbings in Birmingham city centre
Officers have been unable to confirm speculation that gunshots were heard in the area in and around the time of the stabbings . He said there was no suggestion that the attacks were targeted at any section of the community or were gang related.

07 September 2020
Hall of Fame Mets pitcher Tom Seaver passes away at age 75
Seaver passed away on Monday from complications of Lewy body dementia and COVID-19, according to the Baseball Hall of Fame. Seaver was dubbed Tom Terrific during his historic run with the Mets from 1967 to 1977, when he won 198 games.

07 September 2020
Harris Claims Russian Interference Could Cost Her the White House
These might be hard conversations for some, but they're not hard conversations for leaders, not for real leaders'. So, we have classic voter suppression at play, ' she said.

07 September 2020
Australian state of Victoria extends strict COVID-19 lockdowns
Australia's coronavirus death toll stands at 762 after Victoria recorded nine more fatalities on Monday. But regional Victoria will be able to move to the third step of restrictions "quite soon".

07 September 2020
Novak Djokovic defaulted from US Open for hitting lineswoman with ball
For the first time since 2014, the men's singles side of the tournament is now guaranteed to have a new victor . Carreno Busta now reaches the US Open quarterfinals where he awaits the victor of Shapovalov and David Goffin.

07 September 2020
Hong Kong police arrest about 290 protesters
The number of new daily infections has fallen substantially from triple digits in July to single digits now . In the nearby Jordan neighborhood, protesters raised a banner criticizing the election delay, the Post said.

07 September 2020
US Open: Timea Babos and Kristina Mladenovic withdrawn from doubles
Mannarino played three singles matches before being eliminated; Mladenovic played two singles matches and a doubles match. That September 12th date is 14 days after the players played cards with Paire, who tested positive for Coronavirus.

06 September 2020
First Mosquitoes With West Nile Virus Found In N.H. This Season
These are the first positive tests of the season reported by the Chatham-Kent public health unit. Officials said the last human case of West Nile virus in New Hampshire was in an adult in 2017.

06 September 2020
Gary Lineker reacts to Lionel Messi’s Barcelona decision
"I don't know at this stage, but if Messi comes to England it would be great for the Premier League". That's good, but then we have to see how the team responds and if it means we can compete or not.

06 September 2020
Security officer killed in "terrorist attack" in Tunisia: ministry
Since the country's 2011 uprising, Tunisia has endured a series of attacks on its security officers and tourist areas. An attack at the capital's Bardo museum in March killed 21 foreign tourists and a security guard.