October 26, 2020

Market and Financial News Aggregator

Australia not worried about vaccine trial pause, cases rise in hot spot By Reuters

2 min read

© Reuters. FILE PHOTO: Disinfectant products are seen on a car whilst motorists fill out paperwork for police as they cross back into South Australia from Victoria during the coronavirus disease (COVID-19) outbreak, in Bordertown

By Renju Jose

SYDNEY (Reuters) – Australia is not worried about a report that a COVID-19 vaccine trial has been put on hold due to suspected serious adverse reaction, its deputy chief medical officer said on Wednesday, as daily cases nudged higher in the country’s coronavirus hot spot.

AstraZeneca (NYSE:) Plc has paused a late-stage trial of one of the leading COVID-19 vaccine candidates after adverse reaction in a study participant, health news website Stat News reported late on Tuesday.

“With the information that I have got at the moment, I am not worried about it,” Australia’s Deputy Chief Medical Officer Nick Coatsworth told Sky News, adding the hold on trials does not mean the vaccine “is off the table”.

“In some respects, this is a very positive thing because it shows that despite the accelerated vaccine development, safety is the priority of the clinical trialists and investigators.”

Coatsworth said Australia like many other governments has invested in several coronavirus vaccine candidates, “knowing not all of them will get through”.

Australia on Monday said it would get the first doses of AstraZeneca’s vaccine in January 2021 if trials proved successful after reaching a preliminary deal in August.

It had also signed an agreement on a COVID-19 vaccine being developed by the University of Queensland. Both these vaccines will be manufactured locally by CSL (OTC:) Ltd.

Australia’s coronavirus hot spot of Victoria on Wednesday, meanwhile, reported its biggest rise in daily cases in three days as the state boosted its contact tracing programme to ease the spread of the virus.

Victoria, which is at the centre of Australia’s second wave of coronavirus outbreak, now accounts for about 75% of Australia’s 26,450 COVID-19 cases and 90% of its 781 deaths.

The state reported 76 new cases and 11 deaths from the virus in the last 24 hours.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


2020-09-08 20:20:23

Read more from source here…

Leave a Reply