Australia enters deal with AstraZenec for COVID-19 vaccine
Australia has announced a deal to manufacture a potential coronavirus vaccine being developed by British-Swedish pharmaceutical company AstraZenec. Under the deal, every single Australian will be able to receive the University of Oxford COVID-19 vaccine for free, should trials prove successful, safe and effective, Prime Minister Scott Morrison said in a statement Wednesday.
Morrison said the Oxford University trial was in a phase-three stage and more work was needed to prove its viability. If this vaccine proves successful, we will manufacture and supply vaccines straight away under our own steam and make it free for 25 million Australians, Morisson said.
Morrison said there was no guarantee that the vaccine would be successful, which is why we are continuing our discussions with many parties around the world while backing our own researchers at the same time to find a vaccine.
Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.
Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.