Queensland University joins NASDAQ-listed biotechs in search for coronavirus vaccine
The University of Queensland has joined three US small companies as potential players in the coronavirus outbreak.
Shares in NASDAQ-listed Inovio Pharmaceuticals, Moderna and Novavax have all rallied strongly on hopes they might develop a vaccine against the new disease.
Inovio has received a US$9mln award from CEPI, a global partnership of public and private entities to promote vaccine research and development.
CEPI, which stands for Coalition for Epidemic Preparedness Innovations, has now also asked the University of Queensland to develop a vaccine.
“The team hopes to develop a vaccine over the next six months, which may be used to help contain this outbreak,” Professor Paul Young said in a release.
“The vaccine would be distributed to first responders, helping to contain the virus from spreading around the world.”
As of Tuesday, more than 100 people have died, with more than 4,500 reported cases of the infection reported.
It is believed to have started in Wuhan, a Chinese city with an 11m population and reportedly came from a street market.
Meanwhile, doctors in China are using HIV drugs Lopinavir and Ritonavir to treat the affected.
The two principles are a combination called Aluvia, a formulation produced by pharma giant AbbVie Inc (NYSE:ABBV), which donated a batch to the Chinese authorities as “an experimental option”.
“I suspect larger companies will not necessarily develop new antibiotics for the coronavirus,” Adam Barker, an analyst at Shore Capital, told Proactive.
He said it is all about control, mentioning how the SARS epidemic in 2004 was halted by isolating people to stop the spread of the virus.
Experts say the outbreak is still in its early days and it will take some time to control, while an effective vaccine might take up to two years to be developed.
“Economies will be impacted by the measures taken to reduce transmission but provided these are not as draconian as those currently imposed in China the economic impact would be relatively modest,” Alastair George, chief investment strategist at Edison, said in an email.
Experts say it is difficult to transfer an existing formulation to a vaccine for a different virus.
Story by ProactiveInvestors
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Join our affiliate program and earn extra money by sharing with friends and family or by posting on your social media.
Order by Phone at 888-809-8385 or online at www.mitocopper.com
Get our Free Ebook, "Suppressed Health Secrets" with Natural Cures THEY don't want you to know!
APeX - Far superior to colloidal silver! Destroys Viruses, Bacteria, Pathogens with Oxygen plus Silver!
Supreme Fulvic - Nature's most important supplement! Vivid Dreams again!
Ultimate Curcumin - Natural pain relief, reduce inflammation and so much more.
pathogens and gives you more
energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Organic Hemp Extract (CBD) - Full Spectrum high CBD (3300mg) hemp extract eases stiff joints, relieves stress and more!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video)
FINAL WARNING! Diseases are EXPLODING! Watch this Video about APeX and You'll THROW AWAY Your Colloidal Silver! APeX destroys Viruses, Bacteria and other Pathogens with the power of Oxygen PLUS Silver! Nobody else has a product like THIS! See why the inventor hasn't been sick in 16 years and why you'll never hear about it on the FAKE NEWS! Get some now and tell your friends about it too so we can reach more people!